Tidewater Renewables reports $367M Q3 loss as emission credit prices drop
Tidewater Renewables Ltd. (LCFS-T) has reported a net loss of $367.1 million in Q3, compared to a net loss of $9.4 million in the same quarter of 2023.
Tidewater Renewables Ltd. (LCFS-T) has reported a net loss of $367.1 million in Q3, compared to a net loss of $9.4 million in the same quarter of 2023.
Liquidity issues at Calgary-based Tidewater Renewables Ltd. (LCFS-T) have led the company to sell almost $130 million in fuel infrastructure and secure a commitment for potential sales of low-carbon fuel standard credits to its owner Tidewater Midstream Inc.