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Governors' Biofuels Coalition
NEWS UPDATE February 15, 2013

Oil industry asks EPA to zero out 2012 cellulosic target

Amanda Peterka, E&E reporter  •    •  Posted February 15, 2013

The oil industry is asking U.S. EPA to set its 2012 requirement for cellulosic biofuel at zero after a federal court vacated the agency’s target. The American Petroleum Institute noted in a letter to EPA on Tuesday that the court ruled the agency must base its renewable fuel standard for cellulosic biofuel on what it expects will “actually happen.” Any target above zero, API says, won’t reflect what happened in the marketplace last year. [ read more … ]

Lawmakers, following Obama’s climate lead, announce a plan to tax carbon

Evan Lehmann, E&E reporter  •    •  Posted February 15, 2013

Sens. Bernie Sanders (I-Vt.) and Barbara Boxer (D-Calif.) will unveil a plan today to tax carbon emissions at $20 a ton, raising potentially $1.2 trillion over 10 years for rebates and investments in clean energy and efficiency.
The Sanders-Boxer bill would cut U.S. carbon emissions 20 percent from 2005 levels by 2025, according to Sanders’ office. Upstream facilities like coal mines and oil refineries would pay the fee, which would increase 5.6 percent annually over a decade. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.