Oil Firms Break Promise on Biofuels as Chevron Defies California
Chevron Corp. helped write the first-in-the-nation rule ordering reduced carbon emissions from cars and trucks.
Join the discussion below, or Read more at Bloomberg.
#1 Apr 19, 2013
"Chevron officials. It decided products with potential returns of at least 5 percent weren’t enough for a multinational used to margins triple that, said Paul Bryan, a former vice president of biofuels technology."
In other words, greed. Pure and simple. Who cares about the public costs as long as I get my 15% return (while extracting $50B in 'government subsidies).
#2 Apr 19, 2013
From the article:
April 18 (Bloomberg)-- Chevron Corp. helped write California's first-in-the-nation law ordering reduced carbon emissions from cars and trucks. Now Chevron is active in lobbying and public relations efforts to undercut the mandate. Bloomberg's Kevin Thrash reports.(Source: Bloomberg)
“We’ve looked at 100 feedstocks, 50 conversion technologies, worked to shape this law the best we can, and we have not come up with a solution to be able to comply,” said Rhonda Zygocki, Chevron’s executive vice president of policy and planning, in a Feb. 4 talk at the Commonwealth Club in San Francisco. Rick Zalesky, the Chevron official who celebrated the order’s signing with Schwarzenegger, was blunt last June when he declared the low-carbon standard “not achievable.”
Remember ethanol? From food stock? We know producing ethanol is more costly both financially and environmentally; and producing it from food stock is relatively easy.
We knew from the beginning that producing ethanol from wood/grass stocks would not be easy, or cost effective with the techonology we know now.
#3 Apr 19, 2013
Yes. As they reported they were included in creating the law. THe motive for now defying it is the point.
Yet the justification they use in 'not achievable' is that it isn't profitable as oil. i.e it is not achievable with the same fat profits and subsidies as with conventional oil.
That is YOUR claim. The facts have two focusses.
1: It is important as an oxygenator and octane booster, replacing a very toxic compound recently justifying a major fine from toxic contamination and also lowering the refining necessary to product 'base stock' for gasoline.
2: The VAST majority of corn is used for industrial and feedstock. Nobody will go hungry due to the small diversion of corn for ethanol, and very low grade (damaged by drought) corn may be used, which is NOT in demand for other processes. For that matter, a lot of ethanol is produced by other grains such as wheat.
The lack of context and nuance in your post shows that you are just an 'one topic troll'.
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