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Tag Archives: lux research
2013 – Make Money or Go Broke for Alternative Fuels Industry?
The legal and regulatory climate has turned against alternative fuels. The U.S. Court of Appeals in Washington D.C. recently said that EPA’s 2012 requirement for refiners to use cellulosic biofuel – or to purchase credits instead – was illegal since no cellulosic ethanol fuel was produced last year that the refiners could blend into gasoline. The decision came from a lawsuit brought by the American Petroleum Institute, which is actively fighting alternative fuels. The U.S. sends more than $1,000,000 a minute to oil exporting nations, many of whom are hostile to us. Continue reading
