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Sen - 1 Ed Markey - 1 — - 1 Markey - 1 Chuck Collins - 1
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Wednesday - 1 Massachusetts Democrat - 1 Private - 1 Service - 1 Carbon Aviation - 1 Institute for Policy Studies - 1 Patriotic Millionaires - 1 Federal Aviation - 1

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☆ Sen. Ed Markey announces bill to raise taxes on private jets and their ultra-wealthy passengers
  + stars: | 2023-07-19 | by ( Eliza Relman | ) www.businessinsider.com   time to read: +4 min
Sen. Ed Markey on Wednesday announced legislation to raise taxes on jet fuel used by private planes. Private jet travel, which is the most polluting form of transport, has surged in recent years. The bill — called the Fueling Alternative Transportation with a Carbon Aviation Tax (FATCAT) Act — would raise federal taxes on private jet fuel from $0.22 to $1.95 per gallon. Private jet travel has surged in recent years. The surge in private jet travel raises serious environmental concerns.
Persons: Sen, Ed Markey, —, Markey, Chuck Collins Organizations: Wednesday, Massachusetts Democrat, Private, Service, Carbon Aviation, Institute for Policy Studies, Patriotic Millionaires, Federal Aviation, Senate Commerce, Science, Transportation, Communities Trust Fund, Treasury, NGO Transport, Environment Locations: Massachusetts
☆ Honeywell announces tech to turn hydrogen and CO2 into lower-carbon aviation fuel
  + stars: | 2023-05-10 | by ( Stephanie Kelly | Thomson Reuters | A New-York-Based Correspondent Covering The U.S. Crude Market | ) www.reuters.com   time to read: +3 min
[1/3] An Air France aircraft, operated with sustainable aviation fuel (SAF) produced by TotalEnergies, is refueled before its first flight from Nice to Paris at Nice airport, France, October 1, 2021. Sustainable aviation fuel, or SAF, is typically made using biomass-based feedstocks such as soybean oil and used cooking oil. Honeywell said its process can reduce greenhouse gas emissions by 88% compared with traditional petroleum-based jet fuel. SAF is typically two to four times costlier than petroleum-based jet fuel. The United States produces around 24.7 billion gallons of petroleum-based jet fuel annually.
☆ Amazon is the 500-pound gorilla in a room full of puppies when it comes to corporate buying of wind and solar power
  + stars: | 2023-05-06 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com   time to read: +10 min
In 2022, Amazon bought 10.9 gigawatts of clean power, making it the largest corporate buyer of renewable power in the world, according to data from the market research company BloombergNEF. It's also more than four times the amount of clean energy that the second-largest purchaser of clean power, Facebook parent company Meta , bought in 2022. Since 2019, Amazon has scaled from having one gigawatt of renewable energy to more than 20 gigawatts of publicly announced renewable power. Amazon is focused on building new wind and solar projects, Daitch told CNBC. But that's really more of a bridging solution and not our core strategy, which is around enabling new wind and solar projects," Daitch said.
☆ Companies Are Balking at Spending for Green Freight Transport
  + stars: | 2023-03-16 | by ( Paul Berger | ) www.wsj.com   time to read: 1 min
During the past two years, DHL has spent over $460 million on measures such as green aviation fuels and electric vehicles, according to company data. Freight operators are rolling out a growing array of options for shippers looking to reduce pollution, from low-carbon aviation and marine fuels to electric trucks. But some shipping executives say companies are proving reluctant to pay the higher prices for alternative fuels and zero-emissions vehicles that can easily double or triple transport costs.
☆ Honeywell announces new ethanol-to-jet fuel technology
  + stars: | 2022-10-10 | by ( Stephanie Kelly | Thomson Reuters | A New-York-Based Correspondent Covering The U.S. Crude Market | ) www.reuters.com   time to read: +2 min
Companies Honeywell International Inc FollowNEW YORK, Oct 10 (Reuters) - Tech firm Honeywell International Inc (HON.O) will roll out technology that could increase supplies of lower-carbon aviation fuel produced from ethanol, the company said on Monday, as the Biden administration calls for the aviation industry to reduce emissions. Honeywell's technology can increase production efficiency of sustainable aviation fuel (SAF) to lower costs. Oil refiners have been trying to increase production of SAF to try to lower emissions. The new technology would also enable oil refiners and other fuel producers to convert current or idle facilities into SAF production plants, it said. Many producers have chosen to make sustainable aviation fuel from feedstocks with lower carbon-intensity, such as grease and animal fat.
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