Geography 3422A/B Study Guide - Bioenergy, Cello

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Document Summary

Congress mandated purchase of 250 million gallons in 2011: actual production was 6. 6 million. President bush green energy revolution regarding biofuels: assured nation by 2012 cars and trucks would be powered by cellulosic fuels from switch grass and other plant life, . 5 billion of grants and loan subsidies. 2007 energy bill included a tax credit of . 01 per gallon produced. This year cellulosic fuel production won"t be 250 million or even 35 million: epa quietly reduced the 2011 requirement to 6. 6 million gallons. 2009 jury in a civil fraud case ruled that cello had lied about how much it could produce. Some of the fuel that cello showed investors was derived from petroleum not plants. Because there is no cellulosic fuel available, oil companies have had to purchase waiver credits for failing to comply with a mandate to buy a product that does not exist.

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