Yes, it operates just like a second carbon tax. How much is enough? Serious question.
your claimed "serious question" presumes you know something of the subject - clearly you don't! Again, these new fuel regulations require producers to reduce the carbon content of their fuels... companies not meeting those new regulation requirements will be taxed accordingly. Again,
you presume producers will not comply with the regulations - will not meet the required carbon intensity reductions.
You also presume that producers not meeting the regulations will pass resultant taxes on to consumers.
waldo's serious questions: notwithstanding the year-over-year record profits producers are making (
Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records), do you not accept the "polluter pays principle"?