article thumbnail

California Air Resources Board readopts Low Carbon Fuel Standard, adopts regulation on alternative diesel fuels

Green Car Congress

1 ] The average carbon intensity requirements for years 2011 and 2012 reflect reductions from base year (2010) CI values for CaRFG (95.85) calculated using the CI for crude oil supplied to California refineries in 2006. [ The decline in the LCFS carbon intensity targets was frozen due to a legal challenge. 95.61 [ 1 ].

Carbon 150
article thumbnail

Refiners and Truckers Associations Challenge California LCFS in Federal Court

Green Car Congress

The National Petrochemical & Refiners Association (NPRA) filed a legal challenge to California’s Low Carbon Fuel Standard (LCFS) with the US District Court, Eastern District of California, Fresno Division. Earlier post.). By regulating the fuel pathway of transportation fuels—i.e., NPRA President Charles T.

article thumbnail

BP to Acquire Vereniums Cellulosic Biofuels Business for $98.3M; Verenium retaining Enzyme Business

Green Car Congress

Full coverage and discussion on The Oil Drum. DLA Piper LLP (US) served as legal advisor to BP. Cooley LLP served as legal advisor to Verenium. Since 2006, BP has announced investments of more than $1.5 The relief wells remain the sole means to permanently seal and isolate the well. Earlier post.).

San Diego 170
article thumbnail

Canada seeking to strengthen oil tanker safety system

Green Car Congress

Each year, 80 million tonnes of oil are shipped off Canada’s East and West Coasts. Oil tankers have been moving along Canada’s West Coast since the 1930s. Oil is moved mostly via the ports of Vancouver, Prince Rupert and Kitimat. million tonnes of oil was shipped out of Vancouver. It occurred in 2006, when the B.C.

Canada 225
article thumbnail

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil.

article thumbnail

Norways Statoil to acquire Brigham Exploration for US$4.4B cash; entry into the US Bakken and Three Forks tight oil plays

Green Car Congress

The Bakken is a prime US unconventional oil play, and is believed to be one of the largest, if not the largest, oil accumulation in the US. The tight oil is extracted in the same way as shale gas, through horizontal wells and hydraulic fracturing. In the Bakken formation, the oil is extracted from tight carbonate.

Oil 199
article thumbnail

Perspective: The UN Approval Process for Carbon Offsets

Green Car Congress

According to a report by the UN’s Intergovernmental Panel on Climate Change, the margin of error in measuring emissions by DOEs can be as high as: 10% for the cement and fertilizer industries; 60% for the oil, gas, and coal industries; and. 100% for some agricultural processes. Mr. Donovan is CEO of Renergie, Inc. Renergie”).

Carbon 255