• 30 mins Shell Restarts Bonny Light Exports
  • 2 hours Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 8 hours Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 13 hours British Utility Companies Brace For Major Reforms
  • 17 hours Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 19 hours Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 20 hours Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 21 hours OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 22 hours London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 23 hours Rosneft Signs $400M Deal With Kurdistan
  • 1 day Kinder Morgan Warns About Trans Mountain Delays
  • 1 day India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 2 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 2 days Russia, Saudis Team Up To Boost Fracking Tech
  • 2 days Conflicting News Spurs Doubt On Aramco IPO
  • 2 days Exxon Starts Production At New Refinery In Texas
  • 2 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 3 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 3 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 3 days China To Take 5% Of Rosneft’s Output In New Deal
  • 3 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 3 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 3 days VW Fails To Secure Critical Commodity For EVs
  • 3 days Enbridge Pipeline Expansion Finally Approved
  • 3 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 3 days OPEC Oil Deal Compliance Falls To 86%
  • 4 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 4 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 4 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 4 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 4 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 4 days Aramco Says No Plans To Shelve IPO
  • 7 days Trump Passes Iran Nuclear Deal Back to Congress
  • 7 days Texas Shutters More Coal-Fired Plants
  • 7 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 7 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 7 days Chevron Quits Australian Deepwater Oil Exploration
  • 7 days Europe Braces For End Of Iran Nuclear Deal
  • 8 days Renewable Energy Startup Powering Native American Protest Camp
  • 8 days Husky Energy Set To Restart Pipeline

Breaking News:

Shell Restarts Bonny Light Exports

Alt Text

“Grassoline” The Jet Fuel Of The Future?

Researchers have developed a process…

Alt Text

New Tech Could Turn Seaweed Into Biofuel

Scientists discovered an unlikely abundant…

Alt Text

Is Cactus Gas The Future Of Biofuel?

A Mexican green energy startup,…

EU Kills Bill to Limit Food-Based Biofuels

EU Kills Bill to Limit Food-Based Biofuels

The European Union Parliament’s environment committee has shot down a proposal to limit the use of food-based fuel crops, voting to deny a negotiating mandate to Corinne LePage, the French Liberal MEP in charge of the proposal.

The draft legislation would have put a 6% limit on the share of Europe’s transport fuel that such crops could make up by 2020.

A procedural vote requiring a two-thirds qualified majority, fell by two votes.

The European Commission has proposed to cap the use of ‘first generation' biofuel suspected of causing indirect land use change (ILUC) and generating more greenhouse gas emissions than it abates.

Related article: Synthetics Breakthrough to Increase Biofuel Production by 50%

In 2009, the EU set a target for sourcing 10% of transport fuel to renewable energy by 2020, almost all of it to come from first-generation crop-based fuels. As these food crops already have a 5% share of the EU’s transport market, the 6% limit would have halted the industry in its tracks.

The EU’s Council of Ministers must now agree on a joint position for a new parliamentary vote, which is not likely to happen before May next year, when new elections are scheduled.  

A similar proposal even if passed next year is not likely to be implemented until the following year, but all speculation will be just that with a new set of parliamentarians coming online next May.

LePage was pushing to fast-track the bill in parliament, arguing that the overwhelming majority of industry stakeholders wanted "a quick result" in the name of policy certainty and particularly ahead of next year’s elections.

Conventional biofuel producers, however, are strongly opposed to LePage’s efforts. These groups would be the most affected by the proposed limits and new rules requiring firms to calculate ILUC emissions arising from deforestation and other land clearance for biofuels.

Related article: Big Oil Breaks Out Legal Guns Over Ethanol

Biofuels producers argued that the proposal would not only destroy their businesses, but would also destroy the massive investments made based on original EU policy designed to encourage biofuel.  They say the science related to ILUC is too uncertain to derive an official policy at this time.

On the other side of the divide, environmentalists supported LePage’s efforts, saying that the EU Parliament’s negative vote will now destroy any chances of resetting policy before irreparable damage is done. They also accuse certain EU officials of pandering to vested interests and ignoring environmental and social concerns.

By. Charles Kennedy of Oilprice.com




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News