Chevron has just made a $25 million research grant to UC Davis for research on cellulosic ethanol. (Press releases from UC Davis and Chevron.)
This was brought to my attention by reader D. Roberts (really!), who says, "To my knowledge this is one of the largest research awards ever made to any university (other than one outlier at Stanford)."
This is excellent news. The faster we can get cellulosic up and running, the more we can avoid building an enormous and disastrous corn-ethanol infrastructure.