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Time to consider investing in fuel-saving technologies

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T&E's Nusa Urbancic writes in today's Financial Times:

Sir, Your special report on oil and gas (March 21) highlighted renewed investor interest in biofuels and tar sand oil following recent rises in the oil price. But it failed to mention California’s low-carbon fuel standard or the European Union’s revised fuel quality directive, two recent regulatory developments that will have important implications for these alternative sources.

Will EU stand up to Canada on tar sands?

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Europe’s climate commissioner Connie Hedegaard is promising to stand firm on a growing battle between the EU and Canada over the environmental status of tar sand fuels. Reports last month said Canada was threatening to pull out of a wide-ranging trade deal with the EU if Brussels insisted on giving tar sands a higher carbon value than conventionally extracted oil, although the Canadians have since denied this.

Evidence of indirect land-use change is clear, says report

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A report by Germany’s Öko Institut says there is sufficient scientific knowledge for the EU to include the effects of indirect land use change (Iluc) in its sustainability criteria to determine which biofuels will help reduce greenhouse gas emissions. The report was commissioned by the European Parliament’s environment committee, and puts further pressure on the Commission to include ILUC in its assessment of policy options on biofuels due to be published in July.

Keep tar sands out of Europe

Tar sands are one of the most polluting ways known to man for producing transport fuel. They also represent a huge climate change threat for our planet and are causing an ecological disaster in Canada, the top tar sands exporter and producer in the World.

T&E reaction to European Commission statement on inclusion of aviation in the European Union Emissions Trading System (EU-ETS)

The European Commission has today decided on the historical aviation emissions which will be used to calculate the number of aviation allowances
to be available from 2012 when the sector is brought into the EU-ETS (1).

EU clean fuel targets must reflect higher carbon intensity of tar sands and shale oil

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Tar sands and shale oil should be given default values related to their carbon intensity in the implementing measures of the Fuel Quality Directive, and these values should be subject to periodic revision say T&E and other environmental groups in a letter to Climate Change Commissioner Connie Hedegaard.

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