Good News For Ethanol

8 04 2009

According to the American Clean Energy Act of 2009, financial support will be offered to companies if they promote biofuels and/or the use of electric cars. This is good news for ethanol because it is a type of biofuel.

Ethanol Producer Magazine

Ethanol Producer Magazine

Furthermore, the Environmental Protection Agency raised the renewable fuel standard, which designates the minimum requirement of renewable fuel per gallon of gasoline, to 10.21 percent for 2009. This is a 24 percent increase from the 2008 standard of 7.76 percent.

This initiative is not surprising considering President Obama’s recent nominations for two specific positions within the Department of Energy.

From left, Steven Chu and Steven Koonin at Berkeley

From left, Steven Chu and Steven Koonin at Berkeley

Steven Koonin was appointed to the position of Undersecretary of Science by President Obama on March 23. He had been the Chief Scientist at BP since 2004 where he researched renewable and alternative fuels.

Steven Chu was sworn in as Secretary of Energy in January by the Obama Administration. Chu won the Nobel Prize in Physics in 1997. “Both Chu and Koonin previously collaborated on biofuel research through a BP partnership with academia.”

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Old News, New Administration

23 03 2009

Not surprisingly, the Environmental Protection Agency sent out a new proposal claiming global warming is a threat to public health and welfare. This same idea was actually rejected in July 2008 by the former EPA administrator Stephen Johnson. Apparently the new administrator, Lisa Jackson, will be taking the EPA in a new direction.

Stephen Johnson

Stephen Johnson

Lisa Jackson

Lisa Jackson

“Frank O’Donnell, who heads the public watchdog group Clean Air Watch said the new proposal, ‘will set the stage for the first-ever national limits on global warming pollution. And it is likely to help light a fire under Congress to get moving.'”

But some businesses are not as optomistic about the new limits, saying pollution caps will further hinder any chances at economic recovery.