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Governors' Biofuels Coalition
NEWS UPDATE June 23, 2020

Top Story

China targets rise in oil, natural gas output this year

By Muyu Xu and Tom Daly, Reuters  •    •  Posted June 22, 2020

China aims to produce 1% more crude oil this year than in 2019 and to boost natural gas output by 4.3%, official targets showed on Monday, as the country seeks to safeguard energy security even after a coronavirus-driven collapse in oil prices. It also aims to push forward development of so-called new energy – including renewables, fuel ethanol and coal-to-liquids – in order to improve its capability to replace conventional hydrocarbons.
[ read more … ]

Trade

China to Speed U.S. Farm Purchases After Secretive Hawaii Talks

By Bloomberg News  •    •  Posted June 22, 2020

China plans to accelerate purchases of American farm goods to comply with the phase one trade deal with the U.S. following talks in Hawaii this week. The world’s top soybean importer intends to increase buying everything from soybeans to corn and ethanol after purchases fell behind due to the coronavirus, said two people familiar with the matter, who asked not to be named because the information is private. A separate person said China’s government has asked state-owned buyers to make efforts to meet the phase one pact. [ read more … ]

Retroactive SRE Applications

In new fuel clash, oil refiners ask for 52 retroactive ethanol exemptions

By Chuck Abbott, Successful Farming  •    •  Posted June 22, 2020

Oil refiners are attempting to evade an adverse appellate court ruling by asking the EPA for retroactive exemptions from the ethanol mandate, said biofuel trade groups on Thursday. Refiners have filed 52 petitions for exemptions stretching as far back as 2011, potentially creating a chain of annual waivers that would allow them to seek exemptions now. [ read more … ]

Stimulus House Bill

House returns amid push on infrastructure, stimulus

By George Cahlink, Maxine Joselow and Manuel Quiñones, E&E News reporters  •    •  Posted June 22, 2020

The House returns to full legislative session this week as it looks to build support for broad infrastructure and pandemic stimulus legislation. Lawmakers on both sides of the Capitol will also be debating policing legislation and looking to make headway on fiscal 2021 spending. The infrastructure package, up for debate next week, includes recommendations from a forthcoming House Select Committee on the Climate Crisis report. [ read more … ]

Car Rule

Car emissions in the spotlight

BY KELSEY TAMBORRINO, Politico  •    •  Posted June 22, 2020

The Justice Department had concerns that BMW, Ford, Honda and Volkswagen illegally agreed among themselves to adopt California’s stronger emissions standards, the agency said last week in its first substantive explanation of the since-closed investigation. In a letter to Whitehouse, Assistant Attorney General for Legislative Affairs Stephen E. Boyd said the probe was “entirely reasonable” since an agreement between the carmakers would violate antitrust law. [ read more … ]

Pandemic

OVID-19 loss to Nebraska ethanol industry could top $1.3B

By Nebraska Farm Bureau  •    •  Posted June 22, 2020

Analysis conducted by the Nebraska Farm Bureau indicates the state’s agricultural economy could face nearly $3.7 billion in losses from COVID-19, including a $1.303 billion loss for the Nebraska ethanol industry. For ethanol, the analysis shows there are two different impacts, including reduced production and subsequent loss of revenue from the drop in gasoline demand and the price declines on gallons produced. At the time the report was published on June 10, Nebraska’s ethanol industry was operating at approximately 65 percent capacity, with eight plants idled and two operating at decreased capacity. [ read more … ]

 

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