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Governors' Biofuels Coalition
NEWS UPDATE December 19, 2019

Top Story

Trump administration to move ahead with finalizing 2020 biofuel rule in line with EPA proposal: White House

By Stephanie Kelly, Reuters  •    •  Posted December 19, 2019

The Trump administration will move forward with finalizing a rule on U.S. biofuel blending requirements for 2020 that is in line with a plan the Environmental Protection Agency unveiled in October, a White House spokesperson said on Wednesday. The move is likely to draw anger from farmers and ethanol advocates, who say that the plan does not go far enough in boosting demand for the corn-based fuel. The issue could threaten President Donald Trump’s support among farmers, an important constituency in next year’s election. [ read more … ]

Trump administration to stick with 2020 biofuel plan over farmer objections: sources

By Stephanie Kelly in New York and Jarrett Renshaw in Philadelphia, Reuters  •    •  Posted December 18, 2019

The White House will stick with its current proposal on 2020 biofuel blending requirements, despite anger in Farm Country that the plan does too little for corn growers, according to two sources familiar with the matter. The issue could undermine President Donald Trump’s support among biofuel advocates and corn farmers, an important constituency in the November 2020 election. White House economic adviser Larry Kudlow told the Iowa Corn Growers Association on Tuesday that the administration will proceed with the Environmental Protection Agency’s October proposal for addressing refinery waivers, the sources said. Farmers and biofuel producers have said that plan does not go far enough to make up for waived gallons. “The rule isn’t changing,” one of the sources familiar with the Tuesday discussion said. [ read more … ]

Trade

China says in touch with U.S. on signing of Phase 1 trade deal

By Stella Qiu and Martin Pollard, Reuters  •    •  Posted December 19, 2019

China and the United States are in touch over the signing of their Phase 1 trade deal, China’s commerce ministry said, which will see lower U.S. tariffs on Chinese goods and higher Chinese purchases of U.S. farm, energy and manufactured goods. The Phase 1 deal was announced last week after more than two years of on-and-off trade talks, although neither side has released many specific details of the agreement. Both the Chinese and U.S. trade teams are in close communication, Gao Feng, a spokesman at the Chinese commerce ministry, told reporters at a regular briefing on Thursday, adding there is no specific information on the deal to disclose currently. [ read more … ]

Proposed RVO and Supplemental Rules

Farmer Support For Trump Climbs As Impeachment Vote Nears

By AgWeb  •    •  Posted December 18, 2019

Job performance approval for President Donald Trump has climbed to an all-time high in the Farm Journal Pulse Poll as a House vote on impeachment nears. Of the 1,225 farmers and ranchers who responded, 82% either strongly approve or somewhat approve of the way Trump is handling his job as president. That is up from 78% in the previous month. Only 17% of respondents disapprove of the president’s job performance in the December Pulse Poll. [ read more … ]

Climate

Climate change fears propel scientists out of the lab and into the streets

By JULIA ROSEN, Los Angeles Times  •    •  Posted December 18, 2019

When Steve Ghan set out to walk 1,500 miles of the Pacific Crest Trail, he brought along a bright blue hat emblazoned with four words: “Make Earth Cool Again.” It often drew compliments from other hikers, which he used as an opening. “I’d tell them, ‘Yeah, I’m a climate scientist and I want to stop climate change,’” said Ghan, who completed the California segment of the trail in 2018. Then he’d give his five-minute pitch for why the U.S. should impose a fee on carbon emissions and distribute the revenue to ordinary citizens. [ read more … ]

Wall Street laments missed chance to price pollution

By Reed Landberg and Mathew Carr, Bloomberg  •    •  Posted December 18, 2019

It’s not just the protesters and Greta Thunberg who were disappointed by the outcome of the United Nations climate talks in Madrid. Businesses from banks to major polluters see a missed opportunity and even some risks in the decision to shelve work on adding market mechanisms as a tool to rein in the greenhouse gases warming the planet. From JPMorgan Chase & Co. to Goldman Sachs Group Inc., executives are noticing the rising alarm from scientists and environment groups and want clarity from policymakers about how rules will change. To them, inaction means not business-as-usual but uncertainty about who will shape policies including the cost of carbon emissions. [ read more … ]

A Decade in Which Fracking Rocked the Oil World

By Rebecca Elliott and Luis Santiago, Wall Street Journal  •    •  Posted December 18, 2019

Ten years ago, the U.S. ranked third in global oil production, trailing Saudi Arabia and Russia. A decade later, it leads the world in oil as well as natural-gas output, having more than doubled the amount of crude it pumps while raising gas production by roughly two-thirds, according to federal data. There is a simple reason for the surge: fracking. Horizontal drilling and hydraulic fracturing techniques spurred a historic U.S. production boom during the decade that has driven down consumer prices, buoyed the national economy and reshaped geopolitics. [ read more … ]

Car Rule

Trump budget director accuses automakers ion ‘trying to have their cake and eat it too’

By Josh Siegel, Washington Examiner  •    •  Posted December 18, 2019

Acting Office of Management and Budget director Russ Vought accused automakers siding with California on fuel-efficiency standards of “trying to have their cake and eat it too.” Vought said in a Washington Examiner editorial meeting that automakers really want lower fuel efficiency standards, but they also “don’t want to have a fight with California.” It’s true that leading automakers asked the Trump administration to revisit Obama-era fuel efficiency standards they thought were not achievable, given continued consumer preference for gas-guzzling SUVs. But many have complained the administration is going too far by proposing to freeze fuel efficiency standards, rather than increase them each year. [ read more … ]

 

 

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