Governors Urge Obama To Remove Barriers To Alternative Fuels

Feb 25 2009 | 9:09am ET

A coalition of governors – including several from Midwestern states hit by declines in the auto and manufacturing industries – are urging U.S. President Barack Obama to make it easier to develop alternative fuels.

In particular, the governors are pressing for the approval of 13% ethanol blends in gasoline and the promotion of wind energy. The Environmental Protection Agency (EPA) currently allows gasoline to contain 10% ethanol amid concerns that higher blends could corrode fuel lines and reduce the gas mileage of some vehicles.

Coalition chairman Governor John Hoeven of North Dakota says biofuels are helping transform communities, broaden the tax base and provide solid job growth.

“Help from the federal government in terms of fiscal support and policy leadership could revitalize this critical industry, create jobs, spur investment and strengthen the ability of biofuels to address the economic, energy and environmental challenges that face our nation,” said Governor Hoeven in a statement.

During a Washington press conference on Tuesday, the coalition urged President Obama to take specific actions to promote biofuels, including establishing an interagency task force on lifecycle greenhouse gas emissions and transportation fuels, involving the U.S. Departments of Agriculture and Energy and the EPA.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR