BMW invests in company aiming to produce zero net carbon gasoline

BMW i Ventures invests in PrometheusBMW is investing in Prometheus Fuels, a company that plans to remove carbon-dioxide (CO2) from the atmosphere and convert it into gasoline. Prometheus plans to begin selling its fuel at gas stations later this year, at a price comparable to conventional gasoline, BMW said in a press release Tuesday. Prometheus also plans to make diesel and jet...

Gas tax should rise 25 cents to fund road repair: US Chamber of Commerce

Gas pumpIt's an unusual thing, to say the least, when the U.S. Chamber of Commerce publicly suggests a major tax increase. In general, the pro-business lobbying group advocates for tax cuts, reducing or eliminating regulations, and free-market policies that allow companies to operate however they choose. But there it was on Tuesday: The Chamber will...

E10 gasoline now standard, but E15 push stalled, so here comes E30

Big square baler harvesting wheat straw for production of cellulosic ethanolThough the Environmental Protection Agency has already ruled on ethanol-blended gasoline mixtures for 2018, that hasn't stopped ethanol advocates from pushing for a higher 30-percent blend for non-flex-fuel vehicles. The latest call for ethanol comes from corn-state ethanol refiners, farmers, and an ethanol-producer trade association, all of whom...

World Bank will stop funding oil, gas exploration in 2019

Coal-fired Nanticoke Generating Station, Ontario, Canada, now being converted to 44-MW solar farmIt's not just the world automotive industry that's grappling with rapid changes brought about by the need to reduce the effects of climate change. The world's fossil-fuel extraction, refining, and delivery industries are also faced with the reality that two centuries of burning their core products hurts the planet and has already exacerbated...