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Governors' Biofuels Coalition
NEWS UPDATE June 24, 2020

Top Story

Most Americans believe the government should do more to combat climate change, poll finds

By Brady Dennis, Washington Post  •    •  Posted June 24, 2020

Nearly two-thirds of Americans believe the federal government should act more aggressively to combat climate change, and almost as many say the problem is already affecting their community in some way, according to a survey released Tuesday by the Pew Research Center. In addition, the nationwide survey of 10,957 adults conducted this spring finds that Americans overwhelmingly want the government to do more to reduce the greenhouse gases linked to a warming climate, with significant majorities backing policies that would plant huge numbers of trees, greater restrict power plant emissions, require more fuel-efficient cars and tax corporations based on their emissions. [ read more … ]

Markets

Petroleum Refiners Pose Hurdle to Oil’s Recovery

By Joe Wallace, Wall Street Journal  •    •  Posted June 24, 2020

After a furious rally that has seen oil prices more than double over two months, the market faces a new hurdle: Petroleum refiners are struggling to make ends meet. U.S. crude-oil prices have surged since falling below zero in April, lifted by declining production and a pickup in demand, particularly in Asia. West Texas Intermediate futures fell 0.9% to $40.37 a barrel Tuesday, but they are still up about 20% in the past month. [ read more … ]

GRAINS-U.S. corn regains some ground after recent slide

By Nigel Hunt, Reuters  •    •  Posted June 24, 2020

Chicago corn futures edged away from the prior session’s three-week low on Wednesday although a favourable weather outlook for crops in the U.S. and weak demand were seen limiting the scope for any recovery in prices. Wheat and soybean prices were little changed. [ read more … ]

Red Zone

‘Dead zone’ task force states getting $840,000 from EPA

By Associated Press  •    •  Posted June 24, 2020

The federal government is giving $840,000 to 12 states in a task force seeking ways to reduce the size of the low-oxygen “dead zone” that forms every year off Louisiana’s coast. The allocation, announced in an Environmental Protection Agency release Monday, adds to $1.2 million announced in August for the Gulf of Mexico Hypoxia Task Force.
[ read more … ]

Commentary

Family Farms Matter: Ethanol benefits American consumers

By Bruce Shultz, National Farmers Organization  •    •  Posted June 24, 2020

Gasoline prices fell dramatically this spring, one of the few bright spots for consumers this year. The oil feud between Russia and Saudi Arabia that began March 8, led to a 34 percent drop in domestic oil prices. Of course, the COVID-19 pandemic is the other driving factor. Around the globe, people were issued stay-at-home orders and businesses temporarily shut down, tamping gasoline demand. But, we know this oil and gas price drop is only temporary. Big oil companies will raise the price of gas quickly, as demand returns. In Montana where I live, I’ve already noticed fuel price increases of sixty cents a gallon in the past three weeks. [ read more … ]

A Consensus Climate Solution Grown on the Farm

By Charles Hernick, Citizens for Responsible Energy Solutions  •    •  Posted June 24, 2020

Today, the U.S. Senate is working on a bipartisan climate solution that could help future generations avoid the worst effects of climate change and help farmers across America today. Our nation’s farmers and ranchers always have been a symbol of hard-working Americans, an essential part of our food supply, and a bellwether for our economy. Thanks to well-crafted, market-based legislation with broad private-sector and environment support, soon they’ll be growing climate solutions too. [ read more … ]

Biofuels must be part of the conversation: Letter

By Globe Gazette  •    •  Posted June 24, 2020

The past few months have been incredibly difficult for Iowa’s agriculture and biofuels sectors. As many of us who farm corn and soybeans already know, the COVID-19 pandemic caused a huge drop in fuel demand. This created a deficit in ethanol demand that’s being felt throughout our state’s rural economy. But this is far from the only major issue facing Iowa agriculture [ read more … ]

 

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