Heavy-duty Vehicle and Engine Greenhouse Gas Emission Regulations

Marginal note:Credits

• 34 (1) For the purposes of subparagraph 162(1)(b)(i) of the Act, a company obtains CO₂ emission credits if the CO₂ emissions for a fleet or subfleet, as the case may be, of heavy-duty vehicles or heavy-duty engines of a given model year are lower than the CO₂ emission standard applicable to that fleet or subfleet, as the case may be, and for that model year, and the company reports the credits in its end of model year report in accordance with section 48.

• Marginal note:Deficits

  (2) A company incurs deficits if the CO₂ emissions for a fleet or subfleet, as the case may be, of heavy-duty vehicles or heavy-duty engines of a given model year are higher than the CO₂ emission standard applicable to that fleet or subfleet, as the case may be, and for that model year, and the company reports the deficits in its end of model year report in accordance with section 48.