Some oil companies are investing in algae-based biofuel as a hedge against the risk of a potential tax on carbon emissions, said Will Thurmond, CEO of Emerging Markets Online. Despite successes on several fronts, commercial-scale algae-based biofuel production remains elusive because of technical and financing barriers, observers said. It could take years before any producer can claim a significant tax credit because the current tax incentive is tied to production, not research, said Michael Webber, deputy director of the Energy Institute at the University of Texas at Austin.

Full Story:

Related Summaries