When the companies that supply motor fuel close the books on 2011, they will pay about $6.8 million in penalties to the Treasury because they failed to mix a special type of biofuel into their gasoline and diesel as required by law. But there was none to be had. Outside a handful of laboratories and workshops, the ingredient, cellulosic biofuel, does not exist. In 2012, the oil companies expect to pay even higher penalties....www.politico.com/story/2013/01/court-epas-unrealistic-biofue...A federal appeals court tossed out the Environmental Protection Agency’s mandates for cellulosic biofuels under the Renewable Fuels Standard, saying the agency erred in its overly optimistic projections for the new energy source.The U.S. Court of Appeals for the D.C. Circuit sided with the oil industry, saying that EPA rules for cellulosic biofuels were wrong, but it upheld the agency’s refusal to lower the overall volume of advanced biofuels set in the 2012 RFS in a ruling Friday in American Petroleum Institute v. EPA.DB2
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<