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Governors' Biofuels Coalition
NEWS UPDATE October 20, 2020

Top Story

Pelosi cites some progress in stimulus talks, though major issues remain unresolved

By Erica Werner and Jeff Stein, Washington Post  •    •  Posted October 20, 2020

“We have finally in the last 24 hours…come to a place where they are willing to address the crisis, the coronavirus, to crush the virus,” Pelosi said Monday evening in an appearance on MSNBC. She said the Trump administration had agreed to language the Democrats demanded relating to addressing racial disparities in the virus’s impact. She said she had tried to create an environment for all the negotiators on Tuesday to “exchange all our differences of opinion…and numbers and paper so we can see, let’s make a judgment. We may not like this, we may not like that, but let’s see on balance if we can go forward.” [ read more … ]

Pelosi, Mnuchin Narrowing Gap on Stimulus, to Talk Again Tuesday

By Billy House, Erik Wasson, and Laura Litvan, Bloomberg  •    •  Posted October 20, 2020

Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin “continued to narrow their differences” on a coronavirus relief package, a Pelosi aide said Monday, as time draws short to reach agreement on a bill that could pass by Election Day. “The Speaker continues to hope that, by the end of the day Tuesday, we will have clarity on whether we will be able to pass a bill before the election,” Pelosi spokesman Drew Hammill said on Twitter. “The two principals will speak again tomorrow and staff work will continue around the clock.” [ read more … ]

SREs

Axne, Young weigh in on RFS waivers

By KMA  •    •  Posted October 19, 2020

Democrat incumbent Cindy Axne and Republican challenger David Young squared off in a debate earlier this week on KCCI television in Des Moines. One of the questions asked during the one-hour debate concerned the Trump Administration’s granting of dozens of RFS waivers, allowing oil companies to avoid blending four billion gallons of ethanol. Both candidates were asked whether Congress should end the waiver program. Congresswoman Axne, who defeated Young in their first matchup in 2018, calls Trump’s handling of ethanol and agriculture, in general “unconscionable.” [ read more … ]

Aid

Trump’s payments to farmers hit all-time high ahead of election

By Mark Weinraub, Reuters  •    •  Posted October 19, 2020

U.S. President Donald Trump is assuring a bumper year for farmers as the Nov. 3 election approaches, with record government subsidies projected to make up more than a third of farm income in 2020. The aid programs could be key to Trump’s chances of success in swing states such as Wisconsin, Ohio, Iowa and Minnesota. Such states are hotly contested because their population can swing either to Republicans or Democrats and play a decisive role in presidential elections. Farmers favored the Republican president by a wide margin in the 2016 election. [ read more … ]

Markets

What investors think about the future of fossil

By Ben Geman, Axios  •    •  Posted October 19, 2020

Investors in the oil-and-gas industry want companies to get greener, and they’re losing faith that the sector, which is underperforming broader market indices, is a good long-term bet, per a new Boston Consulting Group survey of investors. Just a quarter see oil-and-gas stocks playing a more prominent role in their portfolios in the future, and less than a third see the industry as a more attractive investment than renewables. [ read more … ]

The United States consumed a record amount of renewable energy in 2019

By Mickey Francis, EIA  •    •  Posted October 19, 2020

Biofuels, including fuel ethanol, biodiesel, and other renewable fuels, accounted for about 20% of U.S. renewable energy consumption in 2019. Biofuels usually are blended with petroleum-based motor gasoline and diesel and are consumed as liquid fuels in automobiles. Industrial consumption of biofuels accounts for about 36% of U.S. biofuel energy consumption. [ read more … ]

Corn And Ethanol: Energies And Grains Are Market Movers

By Dan Flynn, Investing.com  •    •  Posted October 19, 2020

On the corn front traders are anxiously waiting on the Export Sales data that will tell us who is buying and if there are new participants to the U.S. market. In this holiday week traders have heard whispers that China is buying again but still below the Phase 1 agreement. Corn futures in China hit record highs this week while their output is lower due to typhoons and in other places of their Corn Belt drought. Their stockpiles have been sold out and the markets expect supply shortages. In the overnight electronic session, the December corn is currently trading at 407 ¼ which is 3 ½ cents higher. The trading range has been 407 ¾ to 402 ½.
[ read more … ]

Campaign 2020

Climate change on tap for third debate

BY KELSEY TAMBORRINO, Politico  •    •  Posted October 19, 2020

President Donald Trump and Joe Biden’s final debate-stage pitch to voters before Election Day will include climate change among the six topics set for discussion, the Commission on Presidential Debates said on Friday. [ read more … ]

Agriculture Is Unlikely To Sway The Presidential Election Even In Farm Country

By Jonathan Ahl, Kansas Public Radio  •    •  Posted October 19, 2020

President Trump has been hard on ethanol. In 2019, the Environmental Protection Agency exempted 31 small oil refineries from rules that would require them to blend ethanol into their fuel supply. In September, the President attempted to repair the relationship with corn producers when he announced a policy approving use of existing filling station pumps to distribute higher-ethanol gasoline. Johnson said it’s too little, too late, and she’s voting for Biden. [ read more … ]

EVs

Auto Makers Grapple With Battery-Fire Risks in Electric Vehicles

By Ben Foldy, Wall Street Journal  •    •  Posted October 19, 2020

Auto makers are confronting a new challenge in their race to sell more electric cars: battery-related fires leading to vehicle recalls and safety probes. U.S. safety regulators this month opened a probe into more than 77,000 electric Chevy Bolts made by General Motors Co. GM -0.06% after two owners complained of fires that appeared to have begun under the back seat, where the battery is located. [ read more … ]

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