Synthetic Fuels Corporation oversight: project selection procedures and the Santa Rosa Tar Sands Project. Fifty-sixth report by the Committee on Government Operations together with Additional and Dissenting Views, Ninety-Eighth Congress, Second Session
Book
·
OSTI ID:6059474
An investigation into the Santa Rosa tar sands proposal to the Synthetic Fuels Corporation (SFC) focused on SFC selection procedures, the purpose and impacts of the SFC's letter of intent, and the basis for the SFC's withdrawal from the proposed project. The report summarizes the findings and concludes that inaccrate or incomplete information led to the selection of the project and the issuance of a letter of intent. Since letters of intent are a conditional commitment for funding, they are limited to total funding and make funds unavailable for competing projects. Procedural failures that led to unresolved uncertainties about private funding led to the withdrawal. The review raises questions about disclosure practices of certain companies. The report includes five recommendations for evaluating projects and improving notification and consultation procedures. Additional views follow the main report.
- OSTI ID:
- 6059474
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
295000* -- Energy Planning & Policy-- Hydrogen & Synthetic Fuels
ADMINISTRATIVE PROCEDURES
COMPETITION
EVALUATION
FINANCING
FUELS
GOVERNMENT POLICIES
INFORMATION NEEDS
MANAGEMENT
NATIONAL ORGANIZATIONS
PROGRAM MANAGEMENT
SYNTHETIC FUELS
SYNTHETIC FUELS CORPORATION
US ORGANIZATIONS
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
295000* -- Energy Planning & Policy-- Hydrogen & Synthetic Fuels
ADMINISTRATIVE PROCEDURES
COMPETITION
EVALUATION
FINANCING
FUELS
GOVERNMENT POLICIES
INFORMATION NEEDS
MANAGEMENT
NATIONAL ORGANIZATIONS
PROGRAM MANAGEMENT
SYNTHETIC FUELS
SYNTHETIC FUELS CORPORATION
US ORGANIZATIONS