Biodiesel causing insurance problems in Australia
All over the world, biofuels are being heralded as a solution to many of the problems of the 20th century. Well, the fuels have got problems as well and Australian insurance agents may put the breaks on the rapid biofuel expansion in that country because of those problems. UPI has a quick news item about Australian insurance brokers who are worried the biofuel field is "open to exploitation and error because pressure to adopt such alternative fuels as biodiesel has eclipsed the government's ability to regulate the industry," the article says. Without regulations and a standard product, insurers are worried about what biodiesel may do to motors. Fuel distributors are worried, too, about liability if their fuel causes damage to someone's engine and the engine manufacturer's do not honor their warranty.
[Source: UPI]
Reader Comments (Page 1 of 1)
Razib Ahmed 5:06AM (6/18/2006)
"Without regulations and a standard product, insurers are worried about what biodiesel may do to motors. Fuel distributors are worried, too, about liability if their fuel causes damage to someone's engine and the engine manufacturer's do not honor their warranty."
Thanks for the information. It shows that the governments have to be more active in dealing such issues. Biodiesel is becoming a part of the mainstream fuel.
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