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Governors' Biofuels Coalition
NEWS UPDATE April 7, 2020

Top Story

Pelosi steps back on infrastructure push as renewable industry vies for aid

By Catherine Morehouse, Utility Dive  •    •  Posted April 6, 2020

On Friday, she shifted her tone, saying instead the package should focus again on relief, and take a similar approach to the most recent Coronavirus Aid, Relief, and Economic Security (CARES) Act that President Donald Trump signed into law March 27. “The acceleration of the coronavirus demands that we double down on the down payment we made in CARES by passing a CARES 2 package,” Pelosi said in a statement. “It is imperative that we go bigger and further assisting small business, to go longer in unemployment benefits and provide additional resources to process [unemployment insurance] claims and to give families additional direct payments.” [ read more … ]

Stimulus priorities shift as pandemic worsens

By Geof Koss, E&E News reporter  •    •  Posted April 6, 2020

“While I’m very much in favor of doing some of the things that we need to do to meet the needs — clean water, more broadband and the rest of that — that may have to be for a bill beyond this,” Pelosi said. The shift in tone in recent days suggests the next stimulus will revive the controversies of the first three COVID-19 emergency bills, including individual direct payments, unemployment benefits, more funds for health care and medical supplies, and oversight of the just-enacted $2 trillion package — the largest in U.S. history.
[ read more … ]

Markets

The Ethanol Sector Is Rapidly Deteriorating

By Tristan R. Brown, Seeking Alpha  •    •  Posted April 6, 2020

The operating environment for corn ethanol producers is fast becoming catastrophic. 90% of Americans now find themselves under “stay-at-home” orders from their local governments. Many of the remaining 10% are likewise engaged in strict social distancing measures in accordance with White House guidelines that are in effect until at least April 30. [ read more … ]

Coronavirus Is ‘Wreaking Havoc’ on Ethanol Industry, Green Plains CEO Says

By Bloomberg  •    •  Posted April 6, 2020

Green Plains Chief Executive Officer Todd Becker says ethanol demand is experiencing a big drop in demand amid the coronavirus pandemic and the glut in oil supplies. He speaks with Bloomberg’s Alix Steel on “Bloomberg Daybreak: Americas.” [ read more … ]

Corn prices fall back to 2016 levels as COVID-19 lockdowns cut ethanol demand

By. Myra P. Saefong, MarketWatch  •    •  Posted April 6, 2020

Corn prices could drop to their lowest levels in more than a decade as weakness in demand for gasoline pushes the cost of ethanol toward record lows, with much of the nation restricted from traveling in an attempt to slow the spread of the coronavirus pandemic. The decline in gasoline demand especially in the U.S. deeply “affects the king of the ag markets—corn,” says Sal Gilbertie, president and chief investment officer at Teucrium Trading. [ read more … ]

States

‘Ground to a halt.’ State closures put clean energy on ice

By Jeffrey Tomich, E&E News reporter  •    •  Posted April 6, 2020

From Denver to Des Moines, the novel coronavirus pandemic has state legislatures on pause as they grapple with a growing public health crisis and heed social distancing warnings. Interruptions have left state budgets unfinished and other policy priorities in limbo. In some instances, they include proposals to accelerate the transition to cleaner energy and help remake the grid. [ read more … ]

Policy & Politics

Trump’s oil meeting: The aftermath, details and drama

By Lesley Clark, Mike Lee and Heather Richards, E&E News reporters  •    •  Posted April 6, 2020

President Trump, who met last week at the White House with oil company executives and lawmakers, said over the weekend he’d wield tariffs if needed to protect the oil industry, which is reeling from a global glut in supply. “If I have to do tariffs on oil coming from outside, or if I have to do something to protect thousands and tens of thousands of energy workers and our great companies that produce all these jobs, I’ll do whatever I have to do,” Trump said at a Saturday White House briefing, warning that low prices “are going to hurt a lot of jobs.” [ read more … ]

Car Rule

Minnesota delays clean cars rulemaking over virus

BY KELSEY TAMBORRINO, Politico  •    •  Posted April 6, 2020

Minnesota regulators are slowing a rulemaking that would have had the state adopt California’s stringent auto emissions standards because of the coronavirus pandemic. The state had planned to publish a proposed rule last month and begin taking public comment, but now “has determined that timeline is no longer appropriate and is delaying publication of the rule temporarily.” [ read more … ]

Environmental group presses car companies on rollback

BY KELSEY TAMBORRINO, Politico  •    •  Posted April 6, 2020

The activist organization Environmental Working Group published an open letter today to the CEOs of three automakers that have backed the Trump administration’s rollback Obama-era vehicle fuel economy standards. The letter, addressed to the top executives at General Motors, Fiat Chrysler and Toyota, poses a series of questions. [ read more … ]

EVs

Tesla’s 1Q car sales surged before pandemic shut things down

By Associated Press  •    •  Posted April 6, 2020

Tesla’s sales of its increasingly popular electric cars got off to fast start this year, even though the company had to slam the brakes along with other major automakers last month because of worldwide efforts to contain the worst pandemic in a century.
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Note: News clips provided do not necessarily reflect the views of coalition or its member governors.