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EPA delays prompt $13.7 billion shortfall in biofuels investment: report

By Chris Prentice NEW YORK (Reuters) – U.S. government delays in rolling out renewable fuels policy have stymied some $13.7 billion in investments and have prevented advanced biofuels companies from meeting mandated target volumes, according to an industry group analysis. The U.S. Environmental Protection Agency’s (EPA) slow rulemaking on the Renewable Fuel Standard program over the past two years has “chilled” an influx of capital needed to boost commercial production,

Tesla faces competition for customers, subsidies

By Nichola Groom LOS ANGELES (Reuters) – Tesla Motors Inc’s plan to generate new revenue by repackaging electric car batteries as home and business power storage systems faces stiff competition for both customers and the government subsidies that are critical to the market’s growth. At the unveiling of its suite of storage battery systems on Thursday, Tesla Chief Executive Elon Musk said at a company event near Los Angeles the