Category Archives: oil
– by Erin Voegele, November 16, 2016, Biomass Magazine
The White House has published a mid-century strategy on decarbonization that addresses biofuels and bioenergy. On Nov. 16, the report was filed with the United Nations Framework Convention on Climate Change under the Paris climate deal.
The White House committed to release the strategy, titled “United States Mid-Century Strategy for Deep Decarbonization,” in March. At that time, the administration made a joint statement with Canada that indicated the two countries would work together to implement the Paris agreement as soon as feasible. In addition to implementing their respective Intended Nationally Determined Contributions, the leaders of both countries also committed to completing mid-century, long-term low greenhouse gas emission development strategies pursuant to the agreement.
– by Bob Adelmann, October 28, 2016, The New American
When the Energy Independence and Security Act of 2007 was signed into law by then-President George W. Bush, it was well-intended: It would increase America’s oil independence and reduce dependence on foreign oil, it would produce cleaner air, and it would help farmers.
The Act required refiners to add ethanol to every gallon of gasoline they produced. If a refiner decided it couldn’t (too costly) or wouldn’t (internal decision) do so, it would be required to buy ethanol credits. Those credits, called RINs (for Renewable Identification Numbers), are now being traded and reaping hundreds of millions of dollars in gains for the big oil companies. According to the New York Times, the Act has “inadvertently become a multi-billion-dollar windfall for some of the world’s biggest oil companies.”
– by Chris Prentice, October 14, 2016, Reuters
Royal Dutch Shell Plc’s U.S. arm has offered more than $26 million to buy Abengoa SA’s cellulosic ethanol plant in Kansas, according to documents filed late Wednesday in bankruptcy court.
Shell’s initial bid on Abengoa’s bankrupt biofuels asset marks the oil major’s latest push into renewable fuels as the U.S. government is getting its over decade-old biofuels policy back on track following years of regulatory delays.