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11DOJ: Biodiesel RIN fraud case cost victims $100 million

Biodiesel can be an affordable alternative fuel, but when there's RIN fraud involved, it can cost over $100 million. That's the cost to victims – biodiesel buyers and the IRS – in a biodiesel fraud case in Indiana perpetrated by six individuals and three companies, as announced by the Justice Department today. The alleged criminals committed a whole heap – that is, 88 - illegal acts, including "conspiracy, wire fraud, false tax claims, false statements under the Clean Air Act,

AddEPA sets 2012 renewable fuel standard proposal at 15.2 billion gallons

For 2012, the U.S. Environmental Protection Agency (EPA) is once again upping the level for how much renewable fuel the U.S. should use in the Agency's Renewable Fuel Standard program (aka RFS2). The EPA's proposed targets are:

AddEPA issues 2011 update to Renewable Fuel Standard program (RFS2)

The U.S. Environmental Protection Agency (EPA) has announced what it thinks the 2011 percentage standards for the Renewable Fuel Standard program (aka RFS2) should be. The EPA proposed that the overall volumes and standards for the four fuels categories in the program should be:

AddTesla says federal loans needed for Model S sedan

After yesterday's good news regarding delivery of the 100th Tesla Roadster, it's back to number-crunching reality. Tesla CEO Elon Musk told the Detroit Free Press that if the electric car maker doesn't get a $350 million loan from the government, then the Model S will be delayed and San Jose plant won't open. Just two weeks ago, Tesla opposed the Big Three getting any bailout money from the government. So, Musk's statement may seem contradictory, but it's not. We just need to look at the details

AddPlatts Cellulosic Ethanol Conference - industry overview

If you get into a room with a lot of people who make up part of the cellulosic ethanol industry, things can get a little technical. This is the situation here in Chicago for the Platts 3rd Annual Cellulosic Ethanol and Biofuels conference. A few hundred representatives from a lot of companies in the cellulosic ethanol "space" (I hear this term so often these days - the green tech space, the green car space, etc. Why?) are here and the rapid-fire presentations are truly talking to the choir, as i

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