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Governors' Biofuels Coalition
NEWS UPDATE April 3, 2020

Top Story

Trump to Meet With Oil CEOs About Helping Industry

By Christopher M. Matthews and Timothy Puko, Wall Street Journal  •    •  Posted April 2, 2020

President Trump is set to meet Friday with the heads of some of the largest U.S. oil companies to discuss measures to help the industry weather an unprecedented oil crash, people familiar with the matter said. The meeting is to take place at the White House and will include Exxon Mobil Corp. Chief Executive Darren Woods, Chevron Corp. Chief Executive Mike Wirth, Harold Hamm, executive chairman of Continental Resources Inc., and other top executives, the people said. [ read more … ]

Markets

Ethanol production falls to 6 year low, stocks set new record

By Erin Voegel, Ethanol Producer Magazine  •    •  Posted April 2, 2020

U.S. ethanol production fell by more than 16 percent the week ending March 27 to an average of 840,000 barrels per day, the lowest level since September 2013, according to data released by the U.S. Energy Information Administration on April 1. The reduction is primarily the result of falling fuel demand caused by the COVID-19 pandemic. Additional reductions are likely in upcoming weeks as several plants have indicated they will slow or idle production in April. [ read more … ]

Biofuel maker Gevo idles its Luverne, Minn., plant, terminates 30 employees

By Mike Hughlett, Minneapolis Star Tribune  •    •  Posted April 2, 2020

Biofuel maker Gevo has idled its Luverne, Minn., plant as markets for its products, particularly ethanol, have been whacked by coronavirus-induced economic disruptions. Gevo will close the Luverne plant “for the foreseeable future” and has terminated 30 employees who worked at the Minnesota facility and its Englewood, Colo., headquarters, according to a filing Tuesday with federal securities regulators. [ read more … ]

Car Rule

California poised to sue Trump again to stop another clean car rollback

By Gary Reed, Cal Matters  •    •  Posted April 2, 2020

Trump’s loosening of fuel economy standards means that cars will be allowed to emit more climate-warming carbon dioxide as well as pollutants that cause smog and other air pollution.  California is prepared to take the Trump administration to court – again –after the federal government on Tuesday rolled back its major rule reducing greenhouse gases and smog-forming emissions from cars. [ read more … ]

In the fine print

BY KELSEY TAMBORRINO, Politico  •    •  Posted April 2, 2020

A controversial figure called an “implicit opportunity cost” that was tucked into the White House’s rollback of auto emissions rules was not among the final calculations cited by EPA and the National Highway Traffic Safety Administration to support the rollback. But it was included in the lengthy rule text as making it more beneficial by $40 billion to $60 billion, something critics say is an attempt to make the deregulatory action more appealing [ read more … ]

Commentary

 Biofuels in a Post COVID-19 Economic and Environmental Reset 

By Ernie Shea, Solutions from the Land  •    •  Posted April 2, 2020

The failure of the Trump administration to provide a sure pathway for transitioning to high-octane, low-carbon transportation fuels (HOLCs) leaves the final regulations the EPA released this week for 2021-2026 vehicle fuel economy and emission standards a huge disappointment to renewable fuel advocates. It also endangers the progress made to date in the development and implementation of low-carbon fuels critical to achieving reductions in greenhouse gases (GHGs) that are dangerously altering our climate.  [ read more … ]

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