Yesterday the American Petroleum Institute (API) announced a new TV advertising campaign. According to API’s Senior Manager, Cindy Schild, the ad is designed to highlight the importance of the nation’s refining industry. She said a strong energy future for our nation depends in part on our ability to refine and distribute the fuels we need – and that sound decisions …
Pompeo Bill Would Increase Petroluem Favoritism
U.S. Representative Mike Pompeo (R-Kan) has introduced a bill dubbed the “Energy Freedom and Economic Prosperity Act.” The bill eliminates tax credits for new industries attempting to compete with petroleum while maintaining billions in taxpayer subsidies for Big Oil. Furthermore, the bill would immediately eliminate every tax credit for alternatives to petroleum, including cellulosic ethanol, biodiesel and wind. Yet the …
Commit to Increasing Biofuels
As the World Future Energy Summit takes place in Abu Dhabi, the Global Renewable Fuels Alliance called on policy development, business and technology sector leaders to commit to increasing biofuels’ share of the future global energy mix. The goal of the Summit is to advance future energy, energy efficiency and clean technologies. “The GRFA has demonstrated that increasing biofuels production …
January 15 is Iowa Wind Day
January 15, 2013 is Iowa Wind Day at the Capitol, in Des Moines, Iowa. Iowa Governor Terry Brandstad will be a featured speaker during the event and other speakers include Kathleen Law, the Iowa Wind Energy Association’s (IWEA) Board of Directors President, and Harold D. Prior, IWEA’s executive director. The free event will feature more than 20 exhibitors representing many …
Los Vientos I & II Wind Farms Completed in Texas
Los Vientos I & II wind farms have been completed in south Texas and now operational, have the capacity to produce 402 megawatts of wind power. Both projects are owned by Duke Energy Renewables and the project marks the company’s largest wind-power project to date. With the geographic location, approximately 120 miles south of Corpus Christi and 20 miles inland …
Subsidies, Initiatives & New Efficiency Drive Profits
According to a new report, companies that invest more money in the research and development more efficient means of producing renewable energy, the better able the company is to satisfy consumers and drive growth. Additional growth is, and can be continued, through government subsidies and initiatives. Recently, there has been an increase in investments in the renewable energy field, especially …
Third National Climate Assessment Released
A draft of the Third National Climate Assessment (NCA) has been released by the Climate Assessment Development Advisory Committee (NCADAC). The committee says this is the most peer-reviewed analysis of climate change impacts on the United States. The assessment was written by 240 scientists and other experts from academia; local, state, and federal government; business; and the non‐profit sector. The …
2013 Waste to Biofuels Market Analysis
According to a recent white paper from Renewable Waste Intelligence, there are two key issues facing the biofuels industry: consumers and vehicle manufacturers must be persuaded to adopt new, more environmentally friendly gasoline blends; and advanced biofuels manufacturers must demonstrate commercial capability and play catch-up to Environmental Protection Agency targets for production. With feedstock prices high for several feedstocks, including …
New Markets Tax Credits Spur Investment
There is a little secret in the renewable energy sector that many don’t know about – New Markets Tax Credits. These tax credits provide incentives for private investors to help fund projects that create jobs and diversify economics, and were extended for another year as part of the American Tax Relief Act. Congress first established the program in 2000 to …
Algae.Tec Awarded $12.15M from Australian Gov.
Algae.Tec has been awarded AU$12.15 million cash refund on Australian and overseas development costs for the financial years June 30, 2012 through June 30, 2015. The terms of the payment allow for an additional investment of AU$27 million on Algae.Tec technology developments, of which the Australian Government will reimburse 45 percent or $12.15 million. The approval is to support the …