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Markets :: Alternative Fuels :: Biodiesel

Obama Backs Advanced Biofuels, Shale Gas as Part of Future Energy Package

9:32 AM MDT | March 31, 2011 | Alex Scott

President Obama, in an address at Georgetown University (Washington, DC) has set out a goal of cutting U.S. imports of oil one third by 2025 and increasing support for other energy sources, including cellulosic biofuels. Obama used the address to introduce ‘Blueprint for A Secure Energy Future’ – his plan for delivering on the goal. As part of the blueprint, the full year 2012 budget request will significantly broaden R&D investments in advanced biofuels and batteries and electric drive technologies – including an over 30% increase in...

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