Please add the Governors' Biofuels Coalition to your address book for uninterrupted delivery
View this email in a web browser.
Governors' Biofuels Coalition
NEWS UPDATE July 29, 2020

Top Story

Trump calls new Senate GOP coronavirus bill ‘semi-irrelevant’

By Erica Werner, Seung Min Kim and Jeff Stein, Washington Post  •    •  Posted July 29, 2020

“If things are, the wheels have come off by then, then I think it would probably argue for doing something skinnier or smaller and then, you know, regrouping,” Thune told reporters. “But again, we’ll know a lot more about that in the next few days.” If the wheels were not entirely off Tuesday, negotiations were not off to a great start. Democratic leaders accused McConnell of not wanting a deal at all, while one Republican senator called the new GOP bill “a mess.” At the White House, Trump was asked if there were elements of the bill he opposed. “Yeah, there are, actually. And we’ll be talking about it. There are also things that I very much support,” the president said. “But we’ll be negotiating. It’s sort of semi-irrelevant because the Democrats come with their needs and asks and the Republicans go with theirs.” [ read more … ]

Relief Legislation

U.S. biofuel industry may depend on Agriculture Secretary Perdue for aid, senator says

By Stephanie Kelly, Reuters  •    •  Posted July 29, 2020

The U.S. biofuel industry may have to depend on Agriculture Secretary Sonny Perdue for aid, Senator Chuck Grassley of Iowa said on Tuesday, after Senate Republicans unveiled a coronavirus relief package without specific appropriations for the industry. A provision of the $1 trillion HEALS Act, introduced by Senate Republicans on Monday, would make available $20 billion to Perdue to provide support for agricultural producers, growers and processors impacted by the coronavirus. The bill, however, does not designate the funds more specifically. “We’re in a position of depending on the Secretary of Agriculture if this $20 billion goes to him, getting some of it for ethanol,” Grassley said on a call with reporters on Tuesday. [ read more … ]

No Boost in CCC Authority

By Chris Clayton, DTN Ag Policy Editor  •    •  Posted July 28, 2020

What the bill does not include, as of yet, is any specific language providing aid to the ethanol industry. Geoff Cooper, president and CEO of the Renewable Fuels Association, wrote an op-ed in the Hill highlighting the impacts of pandemic and economic shutdown on the ethanol industry. Cooper noted the Trump administration has aided the petroleum industry by taking in excess oil for the Strategic Petroleum Reserve that has boosted oil prices. EPA also continues finding ways to provide regulatory relief for the fossil-fuels industry. [ read more … ]

E15

Ernst Asks Wheeler In Letter to Take E15 Action by October

By Todd Neeley, DTN Staff Reporter  •    •  Posted July 28, 2020

“Two years ago, I worked successfully with you and President Trump to get E15 sold year-round,” she said in the letter. “One year later, we sat in the Oval Office and created an agreement to further strengthen the Renewable Fuel Standard by investing in biofuel infrastructure including streamlining labeling and removing other barriers to the sale of E15. The COVID-19 pandemic has caused a great loss of demand for biofuels. You must act now to initiate a rulemaking process and follow through on this agreement to provide certainty to our Iowa farmers.” [ read more … ]

Biogenics

Biogenic CO2 Coalition launches digital ad campaign

By The Biogenic Coalition  •    •  Posted July 28, 2020

The Biogenic CO2 Coalition today announced the release of a new video and digital ad campaign asking why the U.S. EPA is the only environmental agency in the world to treat carbon emissions from common agricultural crops the exact same as those from fossil fuels. The video further urges the EPA to follow sound science and to take long overdue steps to revitalize America’s rural economy.  [ read more … ]

Markets

US corn prices seen weak amid limited demand recovery, easing weather concerns

By S&P Global  •    •  Posted July 28, 2020

Corn prices in the US are likely to be subdued in the upcoming three-four months as importers and ethanol manufacturers see limited demand while easing weather concerns point toward a big corn crop, analysts said. US corn prices gained substantially in the beginning of July on the back of acreage and production estimate reductions, but that uptick in prices was short-lived as demand concerns for US corn started surfacing soon after. [ read more … ]

End game for oil? OPEC prepares for an age of dwindling demand

By Alex Lawler, Reuters  •    •  Posted July 28, 2020

Just 12 years ago, OPEC states were flush with cash when oil peaked above $145 a barrel as demand surged. Now it faces a dramatic adjustment if consumption starts a permanent decline. The group will need to manage even more closely its cooperation with other producers, such as Russia, to maximise falling revenues and will have to work to ensure relations inside the group are not frayed by any fratricidal dash to defend market share in a shrinking businesses. [ read more … ]

Campaign 2020

Biofuels Vision 2020 announces ad blitz on EPA threat to biofuels

By Ethanol Producer Magazine  •    •  Posted July 28, 2020

In the run up to the November election, Biofuels Vision 2020 is launching a new ad campaign raising the alarm over a major regulatory threat to the economic recovery in Iowa. The new sizable, five-figure digital ad buy calls on Iowa voters to share their concerns about the Trump administration’s track record on biofuels, which has become a major focus of debate in key Midwest races for the House, Senate, and the presidency. The display and social media ads will appear in heavy rotation over the next three weeks, highlighting that “rural America is under siege by Trump’s EPA” and calling on the president to keep his promises to Iowa corn and soybean farmers.  [ read more … ]

Bipartisan group launches effort to oppose rural policies

By Sidney Daily News  •    •  Posted July 28, 2020

Rural America 2020, a new national campaign fighting back against Trump Administration policies that are hurting already-struggling rural communities across key 2020 states, announced a slate of rural leaders in Michigan, Ohio, Pennsylvania, Wisconsin, Minnesota and Iowa who will be leading the charge in the campaign’s efforts. [ read more … ]

Commentary

The ethanol industry is essential — it deserves a boost from Congress

By Geoff Cooper, The Hill  •    •  Posted July 28, 2020

Very few sectors of our economy have been hit as hard by the COVID-19 pandemic as the fuel ethanol industry.  Motor fuel consumption plummeted beginning in March, as workplaces, schools, churches and other public spaces shut down under stay-at-home orders. Freeways and thoroughfares that were gridlocked with traffic just a month earlier became deserted. And because nearly every gallon of gasoline contains at least 10 percent ethanol, demand for this homegrown renewable fuel completely collapsed.  [ read more … ]

EVs

BMW 5 Series to go electric as CEO pledges bold climate push

By Christoph Rauwald and Oliver Sachgau, Bloomberg  •    •  Posted July 28, 2020

BMW AG will make electric versions of its popular 5 Series mid-sized sedan and X1 compact SUV, part of a widened push to slash carbon emissions while wrestling with the fallout from the Covid-19 pandemic. The German automaker said yesterday it is seeking to reduce CO2 output per car by at least a third by 2030, and track progress via raw material sourcing, production and road emissions. [ read more … ]

 

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