DevvStream adds the architect of one of North America’s best-performing Low Carbon Fuel Standard Programs to the team
Vancouver, British Columbia–(Newsfile Corp. – March 21, 2023) – DevvStream Holdings Inc. (NEO: DESG) (FSE: CQ0) (“DevvStream” or the “Company“) a leading carbon streaming company, is proud to welcome Dr. Michael J. Rensing as its Low Carbon Fuels Advisor. Dr. Rensing has been instrumental in developing and implementing successful low-carbon fuel policies and legislation, including British Columbia’s, which is one of the most successful Low Carbon Fuel Standard (“LCFS”) Programs in North America. In particular, carbon credits that are sold into the BC LCFS market are among the world’s highest in value, with prices in 2022 averaging over C$440.45 per credit1.
As the Director of the Low Carbon Fuels Branch in the Electricity and Alternative Energy Division at the British Columbia Ministry of Energy, Mines, and Low Carbon Innovation, Dr. Rensing led the province’s Low Carbon Fuel Standard Program. This program has been responsible for approximately 30% of the emission reductions achieved by the province of British Columbia, making it one of the most successful low-carbon fuels program in North America.
Dr. Rensing holds a Ph.D. in Physics from the University of Victoria and has devoted over 20 years to public service in British Columbia. He began his career in the Air Protection Section of the Ministry of Environment before moving to the Ministry of Energy and Mines in 2007.
In his new role as Low Carbon Fuels Advisor at DevvStream, Dr. Rensing will provide strategic guidance and support the development of low-carbon fuel offset and credit programs on behalf of the company to develop and commercialize advanced low-carbon fuel technologies.
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