Green news harvest: Auto bailout takes shape
Congress and the White House hammer out the details on $15 billion in emergency loans to General Motors and Chrysler, a bill that could be--or not be--signed within days.
Here's a sampling of green-tech news, with a focus on the plight of Big 3 U.S. automakers.
- U.S. Could Take Stakes in Big 3 - The Wall Street Journal
Details include naming of a "car czar" to oversee $15 billion in emergency loans, and the government--that is, taxpayers--to take a stake in the companies.
- GM, Under Pressure, Turns to Robert Lutz - The New York Times
Vice Chairman Lutz says criticisms of U.S. auto giants don't recognize progress, and he complains of the difficulty of meeting fuel efficiency standards.
- Summary of the Auto Rescue Bill - The Wall Street Journal
The nitty gritty on the package.
- GM says it 'disappointed' consumers - Automotive News
Details on the famed GM advertisement, which appears to be more frank about mistakes than GM Chief Executive Rick Wagoner was in front of Congress.
- Study: Automakers' failure would cost U.S. more than aid - Automotive News
"The reality is that if the government doesn't provide support now, it will eventually provide it later,'' researcher says.
- Synthetic E. coli could build a better biofuel: study - AFP
The bacteria produce an 8-carbon atom alcohol, packing more energy than ethanol and making it less corrosive.
- Continental Picks Sapphire Energy for Bio Jet Fuel - Greentech Media
will go aloft in a series of aviation tests.
- Solar industry sees gathering storm clouds - Atlanta Journal-Constitution
The strangeness that is solar these days: competition is lowering prices, which benefits consumers but will cause a shakeout among suppliers.
- Verenium Receives Notice of Noncompliance From Nasdaq Regarding Minimum Market Capitalization - Press release
Biofuel company specializing in enzymes is threatened with delisting.
- New 'Algae 2020' study forecasts commercialization path for algae biofuels - The Energy Roadmap
Note the time--12 years from now--for algae commercialization. An analyst recently noted that algae production is not a very high-tech: what's needed most is automation in harvesting.