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..A must read for for every US voter and concerned citizen.. challenges the reader to explore new possibilities and new mindsets that will ultimately be required if the world is truly ready to make a change.. amazon.com US onlyBiofuel Watch - BP, Chevron, Morgan Stanley Miss Voluntary U.K. Biofuels Targets
BP, Chevron, Morgan Stanley Miss Voluntary U.K. Biofuels Targets 2011-01-26 13:41:21.316 GMT
By Alex Morales
Jan. 26 (Bloomberg) -- BP Plc, Morgan Stanley and Chevron Corp. were among six biofuels suppliers to miss all three of the U.K. government's voluntary sustainability targets last year, the Renewable Fuels Agency said today in an e-mailed report.
The three other companies to miss the goals on greenhouse- gas cuts, sustainable sourcing of feedstock for the biofuels and data reporting were Ineos Group Holdings Plc, Murco Petroleum
Ltd. and Total SA, according to the report. Prax Petroleum Ltd. didn't supply a verified annual report, it said.
The U.K. is increasing the use of biofuels from crops to replace petroleum and reduce greenhouse-gas emissions. At the same time, European nations are trying to allay concerns about deforestation and emissions associated with growing the crops by introducing standards that may be implemented in the U.K. this year, according to today's report.
"Companies currently missing all three targets need to make a step change in performance," Renewable Fuels Agency Chief Executive Officer Nick Goodall said in the statement. "We've seen some progress from suppliers in meeting the challenge of sourcing their biofuels responsibly but in many cases it has been disappointingly slow."
About 1.57 billion liters (414 million gallons) of biofuels were supplied in the year through mid-April 2010, taking up 3.33 percent of road transport fuels and beating the 3.25-percent government target, the agency said. That goal is rising up to 5 percent by 2013 as the U.K. seeks to source 15 percent of energy, including heat and electricity, from renewables by 2020.
Greenergy Fuels Ltd., Lissan Coal Co., Mabanaft U.K. Ltd. and Topaz Energy Ltd. all met the three sustainability targets, according to today's report.
For Related News and Information:
Top environment stories: GREEN <GO>
Most-read environmental news: MNI ENV <GO>
Renewable Energy Stories: NI ALTNRG <GO>
--Editors: Randall Hackley, Todd White
To contact the reporter on this story:
Alex Morales in London at +44-20-7330-7718 or
amorales2@bloomberg.net
To contact the editor responsible for this story:
Reed Landberg at +44-20-7330-7862 or
landberg@bloomberg.net
By Alex Morales
Jan. 26 (Bloomberg) -- BP Plc, Morgan Stanley and Chevron Corp. were among six biofuels suppliers to miss all three of the U.K. government's voluntary sustainability targets last year, the Renewable Fuels Agency said today in an e-mailed report.
The three other companies to miss the goals on greenhouse- gas cuts, sustainable sourcing of feedstock for the biofuels and data reporting were Ineos Group Holdings Plc, Murco Petroleum
Ltd. and Total SA, according to the report. Prax Petroleum Ltd. didn't supply a verified annual report, it said.
The U.K. is increasing the use of biofuels from crops to replace petroleum and reduce greenhouse-gas emissions. At the same time, European nations are trying to allay concerns about deforestation and emissions associated with growing the crops by introducing standards that may be implemented in the U.K. this year, according to today's report.
"Companies currently missing all three targets need to make a step change in performance," Renewable Fuels Agency Chief Executive Officer Nick Goodall said in the statement. "We've seen some progress from suppliers in meeting the challenge of sourcing their biofuels responsibly but in many cases it has been disappointingly slow."
About 1.57 billion liters (414 million gallons) of biofuels were supplied in the year through mid-April 2010, taking up 3.33 percent of road transport fuels and beating the 3.25-percent government target, the agency said. That goal is rising up to 5 percent by 2013 as the U.K. seeks to source 15 percent of energy, including heat and electricity, from renewables by 2020.
Greenergy Fuels Ltd., Lissan Coal Co., Mabanaft U.K. Ltd. and Topaz Energy Ltd. all met the three sustainability targets, according to today's report.
For Related News and Information:
Top environment stories: GREEN <GO>
Most-read environmental news: MNI ENV <GO>
Renewable Energy Stories: NI ALTNRG <GO>
--Editors: Randall Hackley, Todd White
To contact the reporter on this story:
Alex Morales in London at +44-20-7330-7718 or
amorales2@bloomberg.net
To contact the editor responsible for this story:
Reed Landberg at +44-20-7330-7862 or
landberg@bloomberg.net
Rachel Smolker
Biofuelwatch/Energy Justice Network
802.482.2848 (o)
802.735 7794 (m)
skype: Rachel Smolker
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Biofuels are a wide range of fuels which are in some way derived from biomass.
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