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Governors' Biofuels Coalition
NEWS UPDATE July 26, 2012

Baucus ‘encouraged’ by extenders talks; details still in flux

Nick Juliano, E&E reporter  •    •  Posted July 26, 2012

The Senate’s top tax writer emerged from a closed-door session last night “very encouraged” that lawmakers would be able to agree on a package to extend a variety of temporary tax breaks that expired last year or are set to do so this year, although the contents of such a package and timing to get it to the floor remain in flux. [ read more … ]

Big Oil sues over cellulosic ethanol mandate

Dan Piller, De Moines Register  •    •  Posted July 26, 2012

Oil companies have never liked the federal Renewable Fuels Standard, but they have a special ire for the requirement for the use of non-corn, cellulosic ethanol that is virtually nonexistent. The American Petroleum Institute, which represents the largest oil companies, filed a lawsuit with the D.C. Circuit Court late Tuesday challenging the Environmental Protection Agency’s mandated use of cellulosic biofuels in the 2011 Renewable Fuel Standard (RFS). [ read more … ]

Ethanol Drops For Fifth Day As U.S. Gasoline Demand Slips

By Barbara Powell, Bloomberg  •    •  Posted July 26, 2012

Ethanol futures fell for a fifth day on speculation that weaker gasoline demand will slow consumption of the biofuel. Futures fell as gasoline demand over the four weeks ended July 20 was 3.1 percent below a year earlier, according to Energy Department data released today. Demand, which was 8.66 million barrels a day last week, has been below 9 million in 27 of 29 weeks this year. [ read more … ]

Oil industry group challenges EPA’s cellulosic requirements

  •  Amanda Peterka, E&E reporter  •  Posted July 26, 2012

An oil industry trade group has filed another lawsuit challenging U.S. EPA’s yearly requirements for cellulosic biofuel under the renewable fuel standard. In the suit filed yesterday in the U.S. Court of Appeals for the District of Columbia Circuit, the American Petroleum Institute alleges that EPA set requirements last year mandating that oil refiners blend nonexistent cellulosic biofuels into the nation’s fuel supply. It comes after EPA denied a petition to waive the requirements for last year. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.