News

Moniz-led group urges US to boost gas, carbon capture

Source: By Christian Robles, E&E News • Posted: Sunday, May 5th, 2024

The U.S. should look to bolster international carbon capture projects and help spur the use of natural gas to ensure the world has sufficient energy supplies, according to a new report. The EFI Foundation — an energy think tank led by former Energy Secretary Ernest Moniz — made the recommendations as part of a 265-page report on the future of natural gas. The foundation said gas can help reduce global carbon emissions by displacing coal, but it also said Asian countries will struggle to meet the expected demand for the fossil fuel.

China’s Electric Cars Keep Improving, a Worry for Rivals Elsewhere

Source: By Keith Bradsher, New York Times • Posted: Sunday, May 5th, 2024

The dozens of car companies operating in China plan to put 71 new battery electric models on sale this year. Many new models have taller hoods for a bolder appearance and more storage space. The cars have bigger tires that improve braking. The seats are thicker and more comfortable. The batteries are ever smaller, more powerful and quicker to recharge. The changes are aimed at making the cars even more appealing for customers in China and more competitive abroad. Along with plug-in hybrid cars, battery electric cars are taking sales away from gasoline-powered cars and their manufacturers.

Time short as airlines pitch fuel tax credit extension

Source: By Emma Dumain, Garrett Downs, E&E News • Posted: Sunday, May 5th, 2024

Players in the aviation industry, among the world’s top polluters, are setting ambitious decarbonization goals. But two major airlines with public pledges to reach net-zero emissions by 2050 say they’re likely to fall short without help from Congress. At issue are a pair of Inflation Reduction Act tax credits intended to boost the production of sustainable aviation fuel, or SAF, over the next five years — a time span both United Airlines and American Airlines contend isn’t long enough to guarantee they’ll be able to meet their emissions reduction targets.

U.S. Ethanol and SAF Industry Leaders Seek to Intervene in Legal Challenge to EU Sustainable Aviation Fuel Regulation

Source: By Joint News Release • Posted: Sunday, May 5th, 2024

Leaders of the U.S. ethanol industry are seeking to intervene in a legal challenge of the ReFuelEU Aviation Regulation, which effectively bans the use of renewable, crop-based biofuels like corn ethanol as a feedstock for decarbonizing the aviation sector. Collaborating in the intervention are the Renewable Fuels Association, U.S. Grains Council, Growth Energy and LanzaJet.  Earlier this year, LanzaJet opened the world’s first ethanol-to-jet biorefinery, in Georgia.

Tesla Pullback Puts Onus on Others to Build Electric Vehicle Chargers

Source: By Ivan Penn, New York Times • Posted: Sunday, May 5th, 2024

Last year, virtually all major automakers selling cars in North America agreed to use the charging plug developed by Tesla starting in 2025, reducing complexity. Electric cars in Europe and China rely on standards different from the one used by Tesla in North America. Tesla’s pullback “is a normal step of a market professionalization,” said Jörg Heue, chief executive of EcoG, a firm in Munich that provides charging software.

Biden’s EV tax credit rule offers big concession for automakers

Source: By Hannah Northey, Mike Lee, E&E News • Posted: Sunday, May 5th, 2024

The Biden administration unveiled final rules Friday for lucrative electric vehicle tax credits that attempt to balance trying to boost EV adoption to fight climate change with curbing China’s dominance of the supply chain. But the suite of rules, which includes hard-fought concessions for automakers, provoked outrage from the mining sector and some in Congress who want to see the U.S. adopt a more aggressive approach to China, while making it more difficult for consumers to actually take advantage of the financial assistance to buy EVs.

Do Corn and Soybeans Have a Chance in the SAF Market?

Source: By Todd Hultman, Progressive Farmer • Posted: Sunday, May 5th, 2024

If there is one thing I learned from watching too much basketball in March, it is that I shouldn’t say the word “ludicrous” too loud or some bossy rapper will show up at my house. However, after reading the U.S. Energy Department’s (DOE) guidelines for sustainable aviation fuel (SAF) on Tuesday, ludicrous was the only word I could think of. It’s going to be very difficult for corn and soybean producers to benefit from the new SAF market anytime soon, even if they’re willing to comply with the government’s required farm practices.

Green Plains Posts Wider-Than-Forecast Loss on Biofuel Woes

Source: By Kim Chipman, Bloomberg • Posted: Sunday, May 5th, 2024

Green Plains Inc., one of the biggest US producers of corn-based biofuel, said lower prices and idled plants hurt quarterly margins as the ethanol maker reported a quarterly loss that was far steeper than analysts expected. The Omaha, Nebraska-based company posted a net loss of 81 cents a share for the first quarter, according to a company statement Friday. That’s more than twice the average analyst forecast for a loss of 31 cents a share. Revenue also missed estimates, dropping 28% to $597.2 million.

Warren Buffett holds deciding vote in oil lobbying battle

Source: By Corbin Hiar, E&E News • Posted: Thursday, May 2nd, 2024

The oil and gas industry’s top spender on federal lobbying faces a crucial test Thursday of its opaque influence efforts. Billionaire investor Warren Buffett will likely determine the outcome. Occidental Petroleum is urging investors to reject a shareholder proposal Thursday that calls on the company to provide more information to the public about the deluge of cash it sends to K Street.

California EV sales continue to slow

Source: By Alex Nieves, E&E News • Posted: Thursday, May 2nd, 2024

California electric vehicle sales declined for the third straight quarter but are leveling off after last year’s steep drop, according to California Energy Commission data released Wednesday. Car dealers sold 102,507 new light-duty EVs through the first three months of this year, accounting for 24.1 percent of all vehicles sold in the state over that time period. Those numbers are slight decreases from the fourth quarter of 2023, which saw 103,127 EVs sold and a 24.7 percent market share.