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De Omnibus Dubitandum - Lux Veritas

Wednesday, September 18, 2013

Department of Energy spends $603m to fail its own biofuel goals

By MICHAL CONGER | SEPTEMBER 13, 2013
Department of Energy officials have spent seven years and $603 million to prove the commercial viability of biofuels, a major focus of the Obama administration's energy plan, but instead have missed their own goals and failed to make biorefineries commercially viable.
"We found that the Department had not successfully achieved commercial-scale operations even though the FOAs (Funding Opportunity Announcements) issued in 2006 and 2007 indicated that the proposed projects should be operational at the commercial scale within 3 to 4 years," the DOE inspector general said in a new report.
"Additionally, we found that the Department was not on target for achieving its 2014 production capacity goal of 100 million gallons of advanced biofuels."…..To Read More….

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