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 and subject to subsections 26(7.1) and 27(8.1), 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

  • (a) in the case of a fleet of Class 2B and Class 3 heavy-duty vehicles and cab-complete vehicles, to that fleet for the model year in question; and

  • (b) in any other case, to the vehicles or engines of that fleet or subfleet, as the case may be, for the model year in question.

• 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

  • (a) in the case of a fleet of Class 2B and Class 3 heavy-duty vehicles and cab-complete vehicles, to that fleet for the model year in question; and

  • (b) in any other case, to the vehicles or engines of that fleet or subfleet, as the case may be, for the model year in question.

• Marginal note:End of model year report

  (3) The company must report any credits obtained and any deficits incurred in its end of model year report in accordance with section 48.