The Feds are inching toward getting completely behind ethanol as a solution to fossil fuels. They’re forking over $1.4 million to some Purdue researchers to genetically develop a tree species that can be row-cropped in fallow farmland for the production of cellulose, the sugar-containing component required for ethanol production.

California does it’s part for restoring wetlands by bringing back tidal flows to the Bolsa Chica wetlands in Huntington Beach.

GM swears its new SUVs will get 25% better gas mileage compared with today’s Tahoes and Yukons — a whopping increase of 6 mpg if you’re counting at home. And thats their idea of innovation! Here’s to hoping GM and Ford Motor Company answer the door before the 21st century gives up and stops knocking.

And, thanks to emissions-trading on Wall Street, American Electric Power, our country’s single largest greenhouse gas emitter, is creating a market for pollution that will become a mechanism for reducing it. Odd, I have yet to hear of a capaitalist system that kills a market, especially if there is money to be made.