Report: Clean Fuel Standards Could Be Good For NE Economy
BOSTON (AP) — Proposed standards aimed at reducing greenhouse gas emissions in transportation fuels could be an economic boon to the 11 Northeast and mid-Atlantic states that have agreed to work to reduce the emissions.
Under the Clean Fuels Standard being considered, oil companies would have to make their fuels 10 percent cleaner when it comes to carbon pollution.
They could do that by increasing sales of electricity for electric cars or relying more heavily on advanced biofuels or natural gas.
A new report by the Northeast States for Coordinated Air Use Management, a nonprofit association of air quality agencies, said the strategy could give a jolt to local economies.
The governors of Massachusetts, Connecticut, Delaware, Maine, Maryland, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont signed the 2009 agreement.
(Copyright 2011 by The Associated Press. All Rights Reserved.)