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California Adopts Low-Carbon Fuel Standard
 

 

California Adopts Low-Carbon Fuel Standard 
 
Measure Will Boost Biofuels Usage, State Agency Says 
 
4/27/2009 12:05:00 PM Write a Letter to the Editor 
 
The California Air Resources Board has adopted a low-carbon fuel regulation that targets cutting greenhouse gas emissions from the state’s transportation fuels by 10% by the year 2020. 
 
The new regulation will boost biofuels production and usage and is aimed at diversifying the variety of fuels used for transportation, CARB said in a statement Thursday. 
 
CARB said that to produce the more than 1.5 billion gallons of biofuels that will be needed, more than 25 new biofuel facilities will have to be built, creating more than 3,000 new jobs, mostly in the state’s rural areas. 
 
Production of fuels within the state will also keep consumer dollars local by reducing the need to make fuel purchases from beyond its borders, the agency said. 
 
Seeking to enhance private sector and federal investment into alternative fuel production and distribution, California is also providing funding to assist in the early development and deployment of the most promising low-carbon fuels. 
 
 
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Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX: PFN; OTCQX: PAWEF; Frankfurt: P7J) is a mineral exploration company focused on the discovery, exploration and development of PGM and nickel-copper sulphide deposits in geologically prospective regions in North America, particularly Canada. The Company's key asset is its 100% owned River Valley PGM Project in the Sudbury region of northern Ontario. The River Valley Project is one of North America's most advanced primary PGM deposits...