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Governors' Biofuels Coalition
NEWS UPDATE June 4, 2020

Top Story

Deal approved to cap bankrupt Philly refiner’s biofuels obligations

By Laila Kearney, Reuters  •    •  Posted June 3, 2020

A federal judge on Wednesday signed off on a deal between the U.S. Environmental Protection Agency and bankrupt Philadelphia Energy Solutions that caps the refiner’s biofuels blending obligations at $10 million. The agreement, approved in the United States Bankruptcy Court for the District of Delaware, cuts the Philadelphia refiner’s regulatory liability by more than 70% with the aim of freeing up cash for the company to pay off creditors. [ read more … ]

Relief & Stimulus Bills

Fight Over Next Economic Stimulus Proposals

By Washington Insider  •    •  Posted June 3, 2020

POLITICO is reporting this week that Congress is struggling now over what to do next to support the economy. It observes this is demonstrating that “evidence isn’t everything in Washington.” The report notes that “Congress is once again debating stimulus for a crushed economy as governors are once again confronted with gigantic budget shortfalls.” [ read more … ]

American Farmers Awaiting Bumper Corn Crop Need Ethanol Demand

By Michael Hirtzer and Dominic Carey, Bloomberg  •    •  Posted June 3, 2020

American corn farmers are feeling better about their prospects with billions more in government aid and optimal growing conditions. There’s only one downer — demand. Much of the U.S. biofuel industry is still limping along even as the economy ramps up from coronavirus-related lockdowns. While some plants have switched to making hand sanitizer, that doesn’t come close to ethanol demand, which typically accounts for one-third of the corn crop. [ read more … ]

RFS Waiver

National Wildlife Federation Requests RFS Volumes Waiver

By Todd Neeley, DTN Staff Reporter  •    •  Posted June 3, 2020

As governors and federal lawmakers from oil-producing states press the EPA for waivers to the Renewable Fuel Standard, a national environmental group has asked for a waiver based on alleged environmental damage inflicted by the RFS. The National Wildlife Federation expressed support for other waiver requests at the end of last week, in a letter from NWF Chief Executive Officer and President Collin O’Mara to EPA Administrator Andrew Wheeler. [ read more … ]

Markets

Big Oil could end up even bigger by the end of the coronavirus pandemic

By Dino Grandoni with Paulina Firozi, Washington Post  •    •  Posted June 3, 2020

The nation’s biggest oil and gas companies could end up even bigger by the end of the coronavirus pandemic. Analysts expect a coming wave of bankruptcies should the price of oil remain low. That could allow the largest petroleum industry players to scoop up more wells on the cheap – and leave them with more reserves after all the market tumult. [ read more … ]

Sanitizer

RFA: FDA Sanitizer Guidance Brings Clarity But Won’t Resolve Shortage

By Ken Colombini, Renewable Fuels Association  •    •  Posted June 3, 2020

We welcome the specificity in the new guidance, but the new interim limits for certain impurities are overly restrictive and create a roadblock for producers who could otherwise supply huge volumes of safe, clean, high-quality ethyl alcohol to hand sanitizer manufacturers. [ read more … ]

EVs

Report: Bus and truck EV models to grow 78% this year

By David Ferris, E&E News reporter  •    •  Posted June 3, 2020

Last year, vehicle makers worldwide produced 95 models. This year, they are expected to manufacture 169 models, a leap of 78%, said Calstart, a clean transportation nonprofit that compiled the figures. The expansion is driven by stronger regulations in big markets like California and an appetite for midsize zero-emission delivery vehicles among big-name fleet operators like Amazon.com Inc. and UPS Inc. The trend appears to be on track amid a pandemic and recession that both help and harm the business case.
[ read more … ]

 

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