EPA issues new standards for fuel renewal
By TIMES WIRES
Published April 11, 2007
The Environmental Protection Agency, following a congressional mandate, finalized plans Tuesday for new standards to boost the use of renewable fuels such as ethanol and biodiesel. Refiners will be required to use at least 7.5-billion gallons of renewable fuel in gasoline by 2012, the EPA said. The rule, authorized in an energy law signed by President Bush in 2005, also requires that 4.02 percent of gasoline sold or dispensed to U.S. motorists in 2007, or about 4.7-billion gallons, be renewable fuel. That is more than 1 percent higher than required last year. The announcement came a week after the Supreme Court declared that carbon dioxide and other greenhouse gases are air pollutants under the Clean Air Act and said the EPA has the authority to regulate those emissions from new cars and trucks.
China doubles its trade surplus
China's trade surplus almost doubled in the first quarter, adding to friction as the United States took complaints against its second-largest trading partner to the World Trade Organization. The surplus widened to $46.4-billion from $23.3-billion a year earlier, the customs bureau said on its Web site on Tuesday. The March gap was $6.87-billion, smaller than economists expected. The U.S. on Tuesday filed two cases at the WTO alleging failure to curb copyright violations, less than two weeks after deciding to impose duties on imports of Chinese coated paper. U.S. lawmakers say China uses an undervalued currency and subsidies to help spur the nation's booming exports of textiles, electronics and toys. China's trade surplus swelled to a record $177.5-billion last year, fueling a 10.7 percent economic expansion, the fastest growth since 1995.
Enterprise's COO job goes to staffer
Enterprise Florida Inc. has reached into its own talent pool to find a chief operating officer for the state's top economic development agency. Former banker Louis Laubscher, since 2001 EFI's senior director of capital development, replaces Howard Haug, who's leaving to work at HealthFair USA in Winter Park.
Sweetener rivals turn sour in court
The marketers of Splenda have made millions by confusing consumers into thinking the yellow packets contain a natural product and not an artificial sweetener, its chief rival told a jury Tuesday in a trial that pits Splenda against its rivals in the $355-million lawsuit. Splenda has cornered the market for sugar substitutes since its 2000 debut through false advertising that implies Splenda contains sugar, says Merisant Co., which makes Equal and NutraSweet. It says Splenda is misleading customers with its tag line, "Made from sugar, so it tastes like sugar." Splenda contains no sugar; it is sweetened with a synthetic compound through a complex chemical process. McNeil, Splenda's marketer, counters that it uses sugar in manufacturing, even if it is burned off and not part of the final product. American consumers prefer Splenda because it tastes better and is easier to bake with, its lawyer said.
[Last modified April 11, 2007, 01:54:40]
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