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Governors' Biofuels Coalition
NEWS UPDATE March 31, 2020

Top Story

After Three Coronavirus Stimulus Packages, Congress Is Already Prepping Phase Four

By Jacob M. Schlesinger and Joshua Jamerson, Wall Street Journal  •    •  Posted March 30, 2020

As lawmakers last week completed a record-shattering economic-rescue package estimated at $2 trillion, Senate Minority Leader Chuck Schumer (D., N.Y.) predicted: “This is certainly not the end of our work here in Congress—rather the end of the beginning.” Legislators from both parties, administration officials, economists, think tanks and lobbyists are already roughing out the contours of yet another emergency-spending package—perhaps larger than the last—to try to keep the coronavirus crisis from turning into a 21st-century Great Depression. Many expect the debate to begin in earnest by late April. [ read more … ]

Markets

Huge Losses For Ethanol Industry

By Jerry Groskreutz, KDHL  •    •  Posted March 30, 2020

The fallout from COVID-19 is almost beyond comprehension. The ethanol industry has been hit hard and that has affected every farmer that grows corn. The USDA had projected ethanol plants in the U.S. would grind over 5 billion bushels of corn this marketing year. That is around 35 to 40 percent of the entire corn crop in the U.S. [ read more … ]

Siouxland Ethanol to suspend production in April, citing plummeting fuel demand

By Sioux City Journal  •    •  Posted March 30, 2020

Siouxland Ethanol has announced it will shut down in April, citing low demand for the corn-based fuel additive. A “special alert” posted on the Jackson ethanol plant’s website predicted that U.S. ethanol production would need to be cut by 50 percent before production could be restarted at the 80-million-gallon plant. [ read more … ]

Ethanol market is ‘disturbing as hell’ to American farmers. And now there’s Covid-19.

By Carson Vaughan, The Fern  •    •  Posted March 30, 2020

“You’ve got plants that just financially can’t continue to operate. They don’t have the cash to burn, because they haven’t been making any money. The industry has been operating at a break-even to negative level for quite a while. And now you’ve got this real drastic change. It’s pretty ugly. We’ve had some increasingly tough times in the past, but I have never seen anything like this.” [ read more … ]

Struggling U.S. oil companies hope for more economic help in next coronavirus stimulus package

By Dino Grandoni, Washington Post  •    •  Posted March 30, 2020

The struggling U.S. oil industry got no special bailout in the huge coronavirus stimulus package signed by President Trump on Friday. But the political fight over money to help the oil sector is far from over.  Lawmakers decided to kick the can down the road on a fraught political battle over refilling an emergency oil reserve in the effort to pass a much-needed stimulus package designed to send $2 trillion into the pocketbooks of people and businesses. [ read more … ]

Coronavirus

Trump pins coronavirus hope on a climate skeptic

By Scott Waldman, E&E News reporter  •    •  Posted March 30, 2020

President Trump has turned to a French virologist with a history of criticizing climate science to offer the world hope amid the novel coronavirus pandemic. Last week, Trump tweeted that the combination of two medicines could dramatically alter the often deadly course of COVID-19. [ read more … ]

Car Rule

Trump Administration, in Biggest Environmental Rollback, to Announce Auto Pollution Rules

By Coral Davenport, New York Times  •    •  Posted March 30, 2020

The Trump administration is expected to announce today its final rule to roll back Obama-era automobile fuel efficiency standards, relaxing efforts to limit climate-warming tailpipe pollution and virtually undoing the government’s biggest effort to combat climate change. The new rule, written by the Environmental Protection Agency and the Department of Transportation, would allow vehicles on American roads to emit nearly a billion tons more carbon dioxide over the lifetime of the cars than they would have under the Obama standards and hundreds of millions of tons more than will be emitted under standards being implemented in Europe and Asia. [ read more … ]

SREs

RFA: EPA Stall Tactic on Tenth Circuit Decision Just Delays the Inevitable

By RFA  •    •  Posted March 30, 2020

As part of a package intended to “protect the nation’s gasoline supply in response to the COVID-19 pandemic,” the U.S. Environmental Protection Agency today announced it intends to wait until “appeals have been resolved and the court’s mandate has been issued” before developing “an appropriate implementation and enforcement response to the Tenth Circuit’s decision in RFA v. EPA.” [ read more … ]

Tucked in EPA’s news release about summer-grade gas

By Josh Siegel, Washington Examiner  •    •  Posted March 30, 2020

The agency is buying itself some time, saying it’s not taking action on the 10th Circuit’s ruling restricting small refinery exemptions under the Renewable Fuels Standard until all appeals have been resolved. Geoff Cooper, head of the Renewable Fuels Association, accused the EPA of slow-walking implementing the court decision in a move that “has nothing to do with COVID-19 and everything to do with politics.” [ read more … ]

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