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Governors' Biofuels Coalition
NEWS UPDATE October 7, 2020

Top Story

Trump abruptly cuts off coronavirus aid talks, but tweets send mixed messages

By Antonia Noori Farzan, Washington Post  •    •  Posted October 7, 2020

Coronavirus relief talks came to an abrupt halt Tuesday as President Trump ordered Treasury Secretary Steven Mnuchin to stop negotiating with House Speaker Nancy Pelosi until after the November election. Hours later, however, Trump appeared to contradict himself in a series of tweets that called for Congress to “IMMEDIATELY” approve additional aid for small businesses and airlines. [ read more … ]

Trump says stimulus relief negotiations over until after election, upending aid talks

By Erica Werner and Jeff Stein, Washington Post  •    •  Posted October 7, 2020

President Trump said Tuesday that he was withdrawing from economic relief talks until after the election, abruptly ordering Treasury Secretary Steven Mnuchin to stop negotiating with House Speaker Nancy Pelosi. In a series of tweets posted less than 24 hours after he was released from the hospital, Trump accused Pelosi of failing to negotiate in good faith, after she rejected an opening bid from Mnuchin in their latest round of talks. [ read more … ]

Covid Relief Bill

Peterson, four House ag panelists oppose coronavirus bill

By Chuck Abbott, Successful Farming  •    •  Posted October 6, 2020

The Democratic-controlled House passed a $2.2-trillion-coronavirus-relief bill without the support of House Agriculture chairman Collin Peterson and four other Democrats serving on the Agriculture Committee. They were among 18 Democrats who voted against the bill, which passed, 218-207; no Republicans voted for it. Agriculture Committee members Abigail Spanberger of Virginia, Anthony Brindisi of New York, and Cindy Axne of Iowa said they voted against the bill because it did not have bipartisan support, which would boost its chances of acceptance by the Republican-run Senate. [ read more … ]

Markets

China’s Building Mega Refineries Just as Fuel Demand Stalls

By Bloomberg News  •    •  Posted October 7, 2020

China is investing tens of billions of dollars in new mega-refineries even as its fuel demand is expected to peak within five years, raising the risk it will flood the region with cheap exports.
At least four projects with about 1.4 million barrels a day of crude-processing capacity, more than all refineries in the U.K. combined, are under construction. That’s after the country already added 1 million barrels since the start of 2019. All that capacity will add more petroleum products and plastics just as China National Petroleum Corp. sees fuel demand peaking in 2025 as electric vehicles sap consumption. [ read more … ]

Oil Rises After Biggest Surge Since May on Stimulus Optimism

By Ann Koh, Bloomberg  •    •  Posted October 6, 2020

Oil rose further after the biggest gain since May on growing optimism for more U.S. fiscal stimulus and as Hurricane Delta heads for the Gulf of Mexico. Futures added 3% in New York, following Monday’s surge above $39 a barrel. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will resume talks on Tuesday on another round of pandemic relief funding, but there’s no sign yet they are close to a deal despite Trump’s urging to get it done. [ read more … ]

NCGA

Ethanol Remains Top Priority with New NCGA President

By Cindy Zimmerman, AgWired  •    •  Posted October 6, 2020

In a virtual press availability the day he took over as president, Linder took questions from the ag media, many of them pertaining to ethanol, the Renewable Fuel Standard, and EPA’s handling of small refinery waivers. Linder says he has already discussed the importance of implementing the Tenth Circuit Court decision on waivers with EPA Administrator Andrew Wheeler and will be meeting with him again this week on a farm in Ohio. “It’s the law, it was in the original RFS and the Tenth Circuit Court agreed with us so that’s what we need to remind him everyday that we have to obey the law.” [ read more … ]

Commentary

California should let market, not mandate, cut emissions

By Geoff Cooper, RFA  •    •  Posted October 6, 2020

California does not need to wait 15 years to pursue its deep decarbonization goals more aggressively. Today, battery electric, plug-in hybrid and fuel cell vehicles combined account for less than 2 percent of the California light-duty vehicle fleet. But using more low-carbon ethanol, which is available in huge volumes today, would help Gov. Newsom and California drivers begin accomplishing their objectives immediately. [ read more … ]

EVs

Automakers’ risky bet: EVs are better than gas cars

By David Ferris, E&E News reporter  •    •  Posted October 6, 2020

Volkswagen has described its upcoming ID.4 SUV as a combination of its best cars. GM suggests future electric vehicles will be “more responsive than its internal combustion equivalents.” Ford says its electric F-150 will transform tailgating parties, while being cheaper to own, and faster and more powerful than any truck it’s ever made. These claims may not surprise EV owners: The vehicles are quiet, require little maintenance, are cheaper in most places to fuel and can rocket off the line from a standstill. But until now, the major automakers have been loath to say so. Embracing EVs is a treacherous pivot in a highly competitive market where traditional automakers must compete against one another while also fending off new electric vehicle makers like Tesla Inc. and Rivian Automotive Inc. — companies that aren’t burdened with a legacy to protect. [ read more … ]

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