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Grassley-Conrad bill would extend ethanol tax credits through 2016

Green Car Congress

US Senators Chuck Grassley (R-Iowa) and Kent Conrad (D-North Dakota) introduced a bill—the Domestic Energy Promotion Act of 2011— that would extend, through 2016, at descending levels, the volumetric ethanol excise tax credit, or VEETC, which is also known as the blenders’ credit.

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Caelus confirms large-scale oil discovery on the North Slope of Alaska

Green Car Congress

Caelus Energy Alaska, LLC, a privately held independent exploration and production company, announced that its subsidiary, Caelus Energy Alaska Smith Bay LLC, has made a significant light oil discovery on its Smith Bay state leases on the North Slope of Alaska. This discovery could be really exciting for the State of Alaska.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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Domestic crude oil production increases sharply in the AEO2014 Reference case, with annual growth averaging 0.8 million barrels per day (MMbbl/d) through 2016, when domestic production comes close to the historical high of 9.6 With domestic crude oil production rising to 9.5 MMbbl/d achieved in 1970. trillion cubic feet (Tcf).

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First Drive: 2016 Hyundai Sonata PHEV and HEV

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Hyundai began the US rollout of the 2016 Hyundai Sonata Plug-in Hybrid Electric Vehicle (PHEV) ( earlier post ) and its conventional hybrid sibling (HEV) with a series of media drives in California—one of the main markets for the PHEV, which offers some 24 miles (38.6 The 2016 Sonata PHEV features a 9.8 kWh Li poly pack.

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Forecast: US biodiesel production to surpass RFS target for second straight year

Green Car Congress

This growth is driven in large part by a $1-per-gallon production tax credit extended through the end of 2013 by the US Congress. The RFS aims to reduce oil imports and cut back auto emissions with cleaner-burning fuels such as cellulosic ethanol, biomass-based diesel, and sugar-cane-based ethanol. —Jeffrey C.

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Canada, US and Mexico commit to align light- and heavy-duty fuel efficiency and GHG standards out to 2025 and 2027, respectively

Green Car Congress

The three are also urging the G-20 to make commitments to reduce methane emissions in the oil and gas sector and to improve the environmental performance of heavy-duty vehicles. A related commitment is to phase out inefficient fossil fuel subsidies by 2025; the countries will call on the other members of the G-20 to do the same.

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Sen. Baucus draft for energy tax reform focuses on clean production of electricity and fuels; repeals plug-in vehicle credits

Green Car Congress

introduced the latest in a series of discussion drafts to overhaul the US tax code. This new staff discussion draft focuses energy tax policy on stimulating domestic, clean production of electricity and transportation fuels, which account for 68% of energy consumed in the US. Specific proposals include: Clean electricity tax credit.

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