DuPont Plants Itself in Biofuel Research
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New Orleans Dumps Plenty, Recycles Little
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Former President Clinton Calls Biofuels Key to Creating Jobs
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Honda Breaks With Auto Industry in Call For Emissions Trading Waiver
American Honda Motor Company is calling on the federal government to create a special credit trading program for automobile emissions, according to comments the company filed with the Senate energy committee in advance of its recent highly publicized hearing on climate change. The company’s proposal appears at odds with the rest of the auto industry, which has declined to participate in several federal efforts to address climate change. The Alliance of Automobile Manufacturers, a coalition of U.S. and foreign automobile manufacturers, did not testify at the Senate hearing and, at the same time, is working to block consideration of climate change policies by an Environmental Protection Agency advisory committee reviewing overall air quality programs. An alliance spokesman says the industry has chosen to not participate in the advisory group’s discussion of climate change because automakers are engaged in a pending lawsuit challenging California regulation of greenhouse gases. Alliance member companies include Ford Motor Co., DaimlerChrysler, BMW Group, General Motors, Toyota, Mitsubishi Motors, Volkswagen, Mazda and Porsche. Honda is not a member of the alliance. The auto industry has long opposed any efforts to impose greenhouse gas controls on tailpipe emissions. So Honda’s proposal to the Senate energy committee maybe indicate […]
California Governor Backpedals on Emissions
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First Biofuels Index Launched
UBS AG and Diapason Commodities Management S.A. have launched the UBS Diapason Global Biofuel Index (UBS-D GBFI) – the first commodity-based index for biological fuels. The global index covers a range of commodities used in the production of ethanol and biodiesel – the two major forms of alternative fuel – and will be published in the US, Europe, China and Japan. The Global Biofuel Index is composed of various commodity futures, weighted to reflect the importance of each individual commodity used in the production of ethanol and biodiesel as well as the liquidity of the underlying futures. Its launch means that investors will, for the first time, have access to an efficient and liquid investment instrument that gives them exposure to the market performance of alternative fuels. The index is based on sugar, corn and wheat on the ethanol side and rapeseed, soybeans and vegetable oils on the biofuels side. Positive supply side factors in the agricultural markets and rising demand for biofuels encouraged the development of the index. “Historically we’ve seen very low prices in agricultural markets. There’s been a bull run in commodities that started in the late 1990s but agriculture only started to pick up at the […]
It's Income Tax Time for AmericansAnd Time for the World to Lower Income Taxes & Raise Environmental Taxes
It's no fun giving part of your precious income to the Feds, especially when other countries are taxing environmentally destructive activities instead.
SRI Industry Reports: Developments in Social Investing
Why don't conventional mutual funds vote on climate change resolutions? And more on advances in SRI investing.
Weekly Clean Energy Roundup:April 12, 2006
News and Events DOE to Offer $52.5 Million for Hydrogen Research Toyota Camry Hybrid to Reach Dealer Showrooms in May IRS Releases Tax Credit Figures for Ford and Toyota Hybrids Corn Oil Extraction Yields New Benefits for Ethanol Producers Biodiesel Distribution Expands via Blending at Fuel TerminalsEnergy Connections EIA: Gasoline Prices to be Higher this SummerNews and EventsDOE to Offer $52.5 Million for Hydrogen ResearchSecretary of Energy Samuel Bodman announced last week a three-year, $52.5-million solicitation to support basic research in hydrogen storage materials, catalysts, and membranes. The solicitation, to be released later in April, will help overcome the scientific challenges associated with the production, use, and storage of hydrogen. It will also address the challenges identified in the report “Basic Research Needs for the Hydrogen Economy,” released by DOE last year. The solicitation supports President Bush’s Hydrogen Fuel Initiative, which aims to develop hydrogen fuel cell vehicles that meet consumer requirements by 2015, thereby allowing a mass-market penetration of hydrogen fuel cell vehicles by 2020. See the DOE press release, the President’s Hydrogen Fuel Initiative, and the DOE report (PDF 7.2 MB). Secretary Bodman made the announcement while speaking to the 2006 World Congress of the Society of Automotive […]
GreenFuel Receives $6.8M from Polaris
GreenFuel Technologies Corp, a developer of algae bioreactor systems that convert CO2 in smokestack gases into biofuels, has closed a $6.8 million Series B-1 Preferred round of funding with Polaris Venture Partners, headquartered in Waltham, MA. The new funding is a follow-on to $11 million in Series B funding secured in August 2005 from Draper Fisher Jurvetson and Access Private Equity. Polaris Venture Partners will be represented on GreenFuel’s Board of Directors by Dr. Robert M. (“Bob”) Metcalfe, a General Partner. A world-renown pioneer in information technology, Dr. Metcalfe helped build the Internet and invented Ethernet — the local-area networking (LAN) standard on which he shares four patents. Dr. Metcalfe was also founder of 3Com Corporation and Publisher/CEO of IDG’s InfoWorld Publishing Company. In March 2005, Dr. Metcalfe received the National Medal of Technology from President Bush. “Polaris invests in early stage companies with exceptional entrepreneurs, disruptive technologies, the skills necessary to become market leaders, and a passion for success,” said Metcalfe. “GreenFuel Technologies Corporation meets all these criteria. GreenFuel’s Emissions-to-Biofuel(TM) system has tremendous potential to transform the global energy industry and the global environment by converting greenhouse gas emissions to clean, renewable biofuels. GreenFuel is an exceptional opportunity for […]
