Word: ethanol
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...pledged to work together to develop alternative fuel sources. Look for more tax credits and subsidies to help companies develop green and renewable energy. The President, who said in his last State of the Union address that "America is addicted to oil," is scheduled to talk up hybrid and ethanol-powered flex-fuel cars this week. And his market-centric approach may find an ally in Michigan's John Dingell, the Democrat who will be in charge of the House Energy and Commerce Committee. Unlike many of his party colleagues, Dingell, a friend of his state's auto industry...
There's a lot of noise about wind, solar and ethanol. We're working on these too, but they won't be ready to meet escalating global demands. Eighty percent of what we use today is fossil fuels; 80% of what we'll use 20 years from now is fossil fuels. The carbon molecule and combusting it is the only way we've figured out to economically move people and generate power. Diversity of supply is the answer. That means nuclear energy and investing in clean coal technology...
...world's sixth largest economy and the fourth largest oil-producing state in the U.S., would be taxed at a rate from 1.5% to 6%, depending on global crude prices. The proceeds, capped at $4 billion, would fund a state agency to sponsor research and projects in wind, solar, ethanol and other energy alternatives. The idea of putting a tax on oil extraction is not new - both Texas and Alaska have one - but California's idea to use the money for alternative energy projects...
...engineer has become a self-styled green maverick in Silicon Valley, pouring tens of millions of his own fortune into clean energy startups and spurring infusions of private capital from Wall Street and other venture capitalists into alternative energy ventures. "We can replace all of our gasoline with ethanol-like fuels," Khosla says. His timeline: 25 years. But he's not waiting for the feds to hand out grants; he's investing in promising startups like Amyris Biotechnologies in Emeryville, Calif., which is bioengineering microbes that produce alternative fuels, and teaming up with Bill Gates and Sir Richard Branson...
That's why Honda is so eager to make the next green breakthrough, spending billions to develop everything from a new form of ethanol production that can utilize the waste parts of plants to a fuel-efficient minijet. But the design that might have the best chance of making an immediate difference is a throwback: Honda's clean diesel car engine. Diesel is the choice of fuel-guzzling 18-wheelers, but it burns as much as 30% more efficiently than gasoline. It's also dirtier. But last month Honda unveiled an engine that uses a new catalytic converter to block...