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Governors' Biofuels Coalition
NEWS UPDATE October 8, 2020

Top Story

White House lurches in new direction on stimulus talks, pushing for airline aid

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

The White House’s ever-shifting economic relief agenda lurched in a new direction Wednesday as Treasury Secretary Steven Mnuchin tried to make a deal with House Speaker Nancy Pelosi to rescue the airline industry, just a day after President Trump abruptly cut off talks on a broader stimulus bill. Pelosi (D-Calif.) responded to Mnuchin’s overture by telling him to go read an airline rescue bill that House Democrats tried unsuccessfully to advance last week “so that they could have an informed conversation,” according to Pelosi spokesman Drew Hammill. [ read more … ]

Covid Relief Bill

Over 5,600 fossil fuel companies have taken at least $3bn in US Covid-19 aid

By Emily Holden, The Guardian  •    •  Posted October 7, 2020

More than 5,600 companies in the fossil fuel industry have taken a minimum of $3bn in coronavirus aid from the US federal government, according to an analysis by Documented and the Guardian of newly released data. The businesses include oil and gas drillers and coal mine operators, as well as refiners, pipeline companies and firms that provide services to the industry. [ read more … ]

Markets

Keeping it clean: U.S. ethanol producers invest in sanitizer for long haul

By Stephanie Kelly,Reuters  •    •  Posted October 8, 2020

Red River Biorefinery in Grand Forks, North Dakota, came online in April, arguably the worst time for an ethanol facility to begin operating as the coronavirus pandemic sank fuel demand.
Instead of shutting like many ethanol facilities, the company switched focus from producing fuel ethanol to making high-grade alcohol for hand sanitizer, where demand surged during the pandemic as Americans scrambled to protect themselves against the coronavirus. [ read more … ]

EIA lowers 2021 ethanol production, blending forecasts

By Ethanol Producer Magazine  •    •  Posted October 7, 2020

The U.S. Energy Information Administration maintained its forecast for 2020 ethanol production in its latest Short-Term Energy Outlook, which was released on Oct. 6. The forecast for 2021 ethanol production, however, was revised down. The EIA currently predicts U.S. ethanol production will average 900,000 barrels per day this year, a forecast that was maintained from the agency’s September STEO. The forecast for 2021 ethanol production was lowered to 990,000 barrels per day, down from a forecast of 1 million barrels per day made last month. Production averaged approximately 1.03 million barrels per day last year. [ read more … ]

August ethanol exports at multi-month high

By John Perkins, Brownfield  •    •  Posted October 7, 2020

The Renewable Fuels Association says the volume of 100.7 million gallons was the highest monthly total since March, with shipments to Canada hitting a three-year high at 36 million gallons. India, Nigeria, Colombia, and Mexico were also notable buyers and Brazil bought U.S. ethanol for the first time since June. [ read more … ]

Campaign 2020

Who’s Whispering in Joe Biden’s Ear About Climate Policy?

By Leslie Kaufman, Bloomberg  •    •  Posted October 7, 2020

Joe Biden has put forth the most ambitious climate plan of any presidential candidate in history—promising, among other things, to get the country to 100% clean electricity generation by 2035 and to invest $400 billion in clean energy innovation and technology over 10 years. That said, for climate activists, it’s not quite a dream come true. The plan was knitted together in consultation with representatives from various diverse corners of the economic, political, and climate advocacy worlds. While every part of this coalition is invested in the Democratic candidate’s vision, some want to see the country move more quickly toward renewables, while others think it’s more important to conserve and create jobs, and still others are more concerned with political feasibility than anything else. [ read more … ]

Commentary

California electric car plan crushes Iowa farmers in move toward Green New Deal

By Jonathan Garber, Fox News  •    •  Posted October 7, 2020

While the move, which Newsom bills as an effort to combat greenhouse gases in an era where climate change is a growing concern, would be limited to California, the state has an outsize impact on the auto industry. It’s the largest economy in the U.S. and the fifth-largest in the world, and standards adopted there have often influenced the development of vehicles in broader markets. That makes Newsom’s plan a worrying omen for the Corn Belt, whose production of cleaner ethanol has become a vital revenue stream. It may also aggravate a partisan divide between coastal Democrats worried about the environment and heartland Republicans wooing growers. [ read more … ]

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