News

EU lawmakers approve binding green fuel targets for aviation

Source: By Bart Meijer and Kate Abnett, Reuters • Posted: Wednesday, September 13th, 2023

The European Parliament on Wednesday adopted a deal to set binding targets for airlines in Europe to increase their use of sustainable aviation fuels. The approved proposal aims to increase both demand for and supply of sustainable aviation fuels (SAF), which have net-zero CO2 emissions or lower CO2 emissions than fossil fuel kerosene. Fuel suppliers must ensure that 2% of fuel made available at EU airports is SAF in 2025, rising to 6% in 2030, 20% in 2035 and gradually to 70% in 2050.

Biden’s Climate Law Is Reshaping Private Investment in the United States

Source: By Jim Tankersley, New York Times • Posted: Wednesday, September 13th, 2023

Private investment in clean energy projects like solar panels, hydrogen power and electric vehicles surged after President Biden signed an expansive climate bill into law last year, a development that shows how tax incentives and federal subsidies have helped reshape some consumer and corporate spending in the United States. New data being released on Wednesday suggest the climate law and other parts of Mr. Biden’s economic agenda have helped speed the development of automotive supply chains in the American Southwest, buttressing traditional auto manufacturing centers in the industrial Midwest and the Southeast.

Iowa utility regulators want to finish Summit hearing by month’s end

Source: By Jared Strong, Iowa Capital Dispatch • Posted: Wednesday, September 13th, 2023

The Iowa Utilities Board seeks to complete an evidentiary hearing for Summit Carbon Solutions’ pipeline proposal by the end of September, according to a recent board order. Summit’s hearing is in its fourth week. The company seeks a hazardous liquid pipeline permit in Iowa as part of its five-state project that would transport captured carbon dioxide from ethanol plants for underground sequestration in North Dakota. Also on Tuesday, a group of Republican state lawmakers joined a pending motion to subpoena Bruce Rastetter, the co-founder of Summit. His testimony is sought to elaborate on the ownership of the company.

Truck-makers oppose EPA tailpipe plan despite public pledges

Source: By Mike Lee, E&E News • Posted: Tuesday, September 12th, 2023

Truck manufacturers have been working to weaken EPA’s greenhouse gas regulations on heavy-duty trucks, despite saying publicly that they’re committed to cutting their emissions, a nonprofit group said. The truck manufacturers and their trade groups have asked EPA for flexibility in the regulations and more time to comply, according to InfluenceMap, a climate-focused group that analyzed public comments on the EPA rules.

How Big Oil’s wastewater could fuel the EV revolution

Source: By Hannah Northey, Shelby Webb, E&E News • Posted: Tuesday, September 12th, 2023

ince oil and gas drilling began nearly 150 years ago, the salty wastewater it produces has been a nuisance for operators. Now, the electric vehicle revolution could turn the industry’s billions of barrels of brine into dollars. Oil and gas companies are eyeing their own byproduct — along with naturally occurring brine found deep underground — as a source of lithium, a highly sought-after metal needed to make EV batteries. Industry executives and experts say companies are close to bringing to market technologies that extract lithium from brine in producing wells, creating a new revenue stream in an energy transition that’s threatening the oil industry’s bottom line.

Rastetter testimony sought for evidence of Summit’s ‘anticompetitive’ agreements

Source: By Jared Strong, Iowa Capital Dispatch • Posted: Tuesday, September 12th, 2023

“Mr. Rastetter’s testimony will help the board see the entire stage that Summit Ag has set and understand whether or not Summit Carbon’s proposed pipeline is part of a larger corporate undertaking that violates” Iowa law, wrote Anna Ryon, an attorney for Hirth. Hirth alleges that Summit Agricultural Group’s infrastructure in Brazil — which the company claims produces the “lowest cost, most sustainable gallon of ethanol in the world” — threatens the price of Iowa-made ethanol. Hirth also claims that Summit Carbon Solutions’ agreements with a dozen ethanol plants in Iowa contain “anticompetitive provisions.”

Summit Carbon Solutions denied permit for carbon dioxide pipeline

Source: By Leah Douglas, Reuters • Posted: Tuesday, September 12th, 2023

South Dakota’s Public Utilities Commission on Monday denied a permit application from Iowa-based Summit Carbon Solutions to build 495 miles (796 km) of pipeline through the state to transport captured carbon dioxide from ethanol plants to an underground storage site. The three-member commission voted unanimously to deny the company’s application on what was set to be the first day of three weeks of evidentiary hearings on the project.

Demand for Oil, Coal, Gas to Peak This Decade, IEA Chief Says

Source: By Will Horner, Wall Street Journal • Posted: Tuesday, September 12th, 2023

Demand for all three major fossil fuels—oil, coal and natural gas—will peak this decade, marking the “beginning of the end” of fossil fuels and a “historic turning point” in the world’s transition toward renewable energy, the head of the International Energy Agency said Tuesday. The IEA has been at the forefront of predictions that demand for fossil fuels is reaching its zenith, but it is the first time the Paris-based agency has predicted a peak in demand for all three energy sources.

USDA to adjust GHG model to help ethanol get aviation fuel subsidy

Source: By Leah Douglas, Reuters • Posted: Tuesday, September 12th, 2023

The U.S. Department of Agriculture will spend up to $400,000 to adjust a federal greenhouse gas (GHG) emissions model to ensure that aviation fuel made from corn-based ethanol is eligible for hefty subsidies, Agriculture Secretary Tom Vilsack said at a conference on Tuesday. “We’re working on the modeling to make sure that there’s a broad array of feedstocks that can qualify, including ethanol,” he said at a conference hosted by biofuels lobby group Growth Energy. Vilsack’s comments are his latest effort to calm a biofuel industry concerned it will be left out of the multibillion-dollar market for sustainable aviation fuel (SAF) airlines and the administration of President Joe Biden see as key to reducing transportation emissions

Congress enters pivotal week on spending

Source: By Emma Dumain, Manuel Quiñones, E&E News • Posted: Monday, September 11th, 2023

How to prevent a looming potential government shutdown will dominate the conversation on Capitol Hill this week, with the House and Senate considering divergent strategies for keeping agencies running. Both chambers are moving forward with consideration of full year, fiscal 2024 bills under what leaders call regular order, in keeping with demands from House Republicans.