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Governors' Biofuels Coalition
NEWS UPDATE May 6, 2020

Top Story

Markets

Friendly Fire: Ethanol Battles Oil As COVID Destroys Demand For Both

By Brentan Alexander, Forbes  •    •  Posted May 5, 2020

One of the more fascinating ongoing sagas of the Trump era has been the pitched battle between ethanol producers, the farmers that supply their corn, and the refiners who transform crude oil into finished fuels. The Trump administration has enacted multiple policy changes over the last three years, but in the biofuels space the winners and losers both tend to reside on the GOP-side of the aisle. With COVID-19 wreaking havoc on demand for oil and, by association, ethanol, the administration is at a crossroads: relax ethanol mandates as requested by multiple Republican governors and help refiners, or strengthen mandates to shore up corn and ethanol produced heavily in red states. [ read more … ]

Big Oil posts big losses during coronavirus crisis

By Dino Grandoni, Washington Post  •    •  Posted May 5, 2020

The numbers are in: We now know just how badly the country’s top oil drillers were hit by the coronavirus-fueled downturn. Three of the four biggest U.S. oil and gas producers posted multimillion to multibillion dollar losses in their latest earnings reports, a sign of just how damaging the drop in energy demand because of the covid-19 pandemic has been to the domestic oil business. [ read more … ]

Relief

USDA throws a bone to biofuels producers

By Josh Siegel, Washington Examiner  •    •  Posted May 5, 2020

The Agriculture Department will make up to $100 million available in grants to help scale up biofuels infrastructure, as part of its Higher Blends Infrastructure Incentive Program, the department announced Monday. [ read more … ]

USDA Announces $100 Million for American Biofuels Infrastructure

By USDA  •    •  Posted May 5, 2020

U.S. Secretary of Agriculture Sonny Perdue announced the U.S. Department of Agriculture intends to make available up to $100 million in competitive grants for activities designed to expand the availability and sale of renewable fuels. [ read more … ]

USDA announces biofuels infrastructure grants

By Mark Dorenkamp, Brownfield  •    •  Posted May 5, 2020

The USDA is making up to $100 million in competitive grants available to expand the market for biofuels. Ag Secretary Perdue says ethanol and biodiesel producers have been affected by decreased energy demands due to the coronavirus, and these grants will help increase their use during America’s economic resurgence.
[ read more … ]

Next Stimulus Bill

Dems on covid-19 relief: leave fossil fuels out of this

BY KELSEY TAMBORRINO, Politico  •    •  Posted May 5, 2020

Maryland Rep. Jamie Raskin led 60 Democratic lawmakers in a letter to House leadership Monday opposing any efforts by the fossil fuel industry to use Covid-19 recovery legislation to “confer immunity” for climate change or pollution, citing efforts that ultimately failed to get included in previous coronavirus relief packages. [ read more … ]

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