Tag Archives: California Air Resources Board

What Could Alleviate High Gasoline Prices in This State?

By Taylor Muckerman, The Motley Fool

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Due to its California Air Resources Board and the regulations imposed by it, Californians pay a premium at the pump to every state that’s not named Alaska. One might wonder why California is able to enforce these standards; it’s because the state-run organization was already in place before the Clean Air Act was passed. Currently, the Environmental Protection Agency is trying to enact the low sulfur and nitrogen oxide standards throughout the country, but there has been some pushback.

Is there any help on the horizon?
Those who call California home are certainly hoping so. Increased infrastructure to get cheaper Bakken formation and other mid-continent oil to the West Coast is likely to begin appearing in 2014. One of the state’s biggest refiners, Tesoro , plans on increasing rail capacity to ports on the coast where it can then ship the cheaper, lighter oil to its refineries throughout the state. Couple this with pipeline expansions in Canada, and some, not total, relief could be in sight. 

The general partner of Kinder Morgan Energy Partners will likely see some payback, as well
It’s easy to forget the necessity of midstream operators that seamlessly transport oil and gas throughout the United States. Kinder Morgan is one of these operators, and one that investors should commit to memory due to its sheer size – it’s the fourth largest energy company in the U.S. — not to mention its enormous potential for profits. In The Motley Fool’s premium research report on Kinder Morgan, we break down the company’s growing opportunity – as well as the risks to watch out for – in order to uncover whether it’s a buy or a sell. To determine whether this dividend giant is right for your portfolio, simply click here now to claim your copy of this invaluable investor’s resource.

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Source: FULL ARTICLE at DailyFinance

Report: CARB chairman chides automakers for petition against EV mandates

By Zach Bowman

Mary Nichols CARB

Filed under: Automakers aren’t happy about a California mandate that requires manufacturers to sell 1.4 million electric, plug-in hybrid and fuel cell vehicles by 2025. As such, the Alliance of Automobile Manufacturers and the Association of Global Automakers have filed a petition with the Environmental Protection Agency to block the state’s mandate. Mary Nichols, chairman of the California Air Resources Board, chided car companies for “shooting yourselves in the foot,” while speaking at the SAE International World Congress. Nichols also asked, “Rather than rehashing the same, tired legal battles of our past, why not work together to collectively support and develop this market?”

Of course, as Bloomberg points out, automakers can only comply with the plan if buyers want to bring home zero-emission models in high volumes. So far, that hasn’t happened. “It serves no one, not the state economy or consumers or automakers, to have these vehicles sit unsold on dealer lots,” said Gloria Bergquist, a spokesperson with the Alliance of Automobile Manufacturers.

CARB chairman chides automakers for petition against EV mandates originally appeared on Autoblog on Mon, 22 Apr 2013 08:30:00 EST. Please see our terms for use of feeds.

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EPA proposes new Tier 3 emission rules, requiring cleaner cars and gasoline in 2017

By Sebastian Blanco

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The Environmental Protection Agency (EPA) added a new word to the wider public lexicon today when it proposed new emission and fuel standards for cars and gasoline: Tier 3. This new regulation is “sensible” and will “significantly reduce harmful pollution, prevent thousands of premature deaths and illnesses, while also enabling efficiency improvements in the cars and trucks we drive,” the EPA says. Unsurprisingly, not everyone agrees.

The rules (885-page PDF here) would require that gasoline have a lower sulfur content – dropping from 30 parts per million today to 10 parts per million by 2017 – which will make it easier for cars to meet the new reduced tailpipe and evaporative emissions requirements. If the proposed rules take effect, they “will help avoid up to 2,400 premature deaths per year and 23,000 cases of respiratory ailments in children,” the EPA says. The European Respiratory Journal recently published a study that found that vehicle emissions can cause asthma in children.

Some numbers from the proposed rules: Smog-forming volatile organic compounds and nitrogen oxides will need to be reduced by 80 percent. Toxic air pollutants, such as benzene and 1,3-butadiene, will need to be cut by up to 40 percent. A particulate matter standard will need to be 70 percent tighter. Fuel vapor emissions will need to drop to “near zero.” The rules would go into effect in 2017 and are basically taking rules from the California Air Resources Board and making them valid nationwide.

The EPA says it had “extensive” input from “auto manufactures, refiners, and states,” which implies there is broad agreement on the rules. But Republican politicians and members of the gas and oil industy say that gas prices will rise, up to nine cents a gallon, if the EPA gets its way. Energy and Commerce Committee Chairman Fred Upton, R-MI, said in a statement that, “The Obama administration cannot be more out of touch” with the economic burden this will place on drivers. The EPA, instead, estimates it’ll cost less than a penny a gallon, but it will add an average cost of $130 per vehicle to new cars in 2025.

The Natural Resources Defense Council fought back against the criticism. Luke Tonachel, NRDC senior vehicles analyst, said in a statement that the new standards will save lives at a minimal cost, and that, “Big Oil companies want us to believe these benefits aren’t worth it. But that’s because they care about profits above all else.”

Continue reading EPA proposes new Tier 3 emission rules, requiring cleaner cars and gasoline in 2017

EPA proposes new Tier 3 emission rules, requiring cleaner cars and gasoline in 2017 originally appeared on Autoblog Green on Fri, 29 Mar 2013 14:17:00 EST. Please see our terms for use of feeds.

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Source: FULL ARTICLE at Autoblog

3 Reasons to Buy This Company

By Brian Stoffel, The Motley Fool

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What is it that you look for in an investment? Is it the opportunity to realize a return on your investment? Maybe it’s a company with a global presence? Then again, maybe you focus more on the less measurable goals, like the culture and ethical and environmental practices of the company?

Today, I’d like to introduce you to a company that — should you be interested in any one of these three characteristics — could fill that niche: engine and component manufacturer Cummins . Read below to see what I’m talking about, and at the end, I’ll offer up access to a special premium report on one of the companies Cummins works closely with to help bring a new type of engine to the world.

Spending the money where it counts
I could spout off a whole bunch of numbers to you — like how much Cummins revenue grew or shrank last year, or how much earnings and margins are improving. Surely, there is merit to these numbers, but I’m going to focus on why this company should be successful over the long-term for a different reason: sustainability.

Recently, The Motley Fool named Cummins as the best company in America. One of the reasons it was picked was because it has found a way to synergistically do well as a company by doing good for the earth and its inhabitants.

Cummins is one of the leaders in creating low-emission and alternative fuel engines. It’s partnership with natural gas engine designer Westport Innovations — dubbed Cummins Westport — is but one highlight of the company’s commitment to alternative energy. The company is actually taking things one step beyond the partnership, attempting to build a natural gas engine of its own.

As it stands now, Cummins already has engines that meet EPA, European Union, and California Air Resources Board regulations for emissions. It states in its annual report that it will continue to make investments that allow its engines to be the most efficient, cleanest emitting in the world.

Being so far ahead of the game has already paid off financially for the company, as fellow engine maker Navistar was forced to start buying Cummins engines when the EPA doubled the fines for trucks that were non-compliant (as Navistar’s were) on emissions standards.

If you’re a long-term investor, you have to know that such investments in research and development — based on making the world we live in a cleaner and more balanced place to live — are indeed wise ones for the coming decades.

Global presence
As the world continues to change, it’s also important to consider the global presence that a company has. As several countries have begun to spend more on building out infrastructure and adopting Western ways of living — for better or worse — Cummins has been there to meet demand.

And if countries like China, India, and Brazil continue to adopt Western ways of consumption, they’ll have …read more
Source: FULL ARTICLE at DailyFinance