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Governors' Biofuels Coalition
NEWS UPDATE October 22, 2020

Top Story

Pelosi, Mnuchin to Talk Stimulus Again as Trump Hints at Failure

By Erik Wasson and Billy House, October 22, 2020, 3:00 AM CDT, Bloomberg  •    •  Posted October 22, 2020

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will pick up discussions of a stimulus package again Thursday with time running ever shorter for a deal before the election and President Donald Trump seeking to blame Democrats for any failure. The two sides “are better prepared to reach compromise on several priorities” after Wednesday’s call between the main negotiators, Pelosi spokesman Drew Hammill tweeted. Pelosi and Mnuchin will speak again Thursday as they seek to “resolve open questions,” he said. [ read more … ]

RFS

Republican senators ask EPA not to boost refinery biofuel obligations in 2021

By Stephanie Kelly, Reuters  •    •  Posted October 22, 2020

A group of U.S. Republican senators asked the Environmental Protection Agency on Wednesday to consider a general waiver that would prevent an increase in biofuel blending obligations next year for oil refiners hit by a collapse in fuel demand because of the coronavirus pandemic. Senators including Shelley Moore Capito of West Virginia and Ted Cruz from Texas said the waiver for 2021 would help refiners cope with the pandemic, which has pushed gasoline demand down more than 10% from year-ago levels. [ read more … ]

Zero Emission Vehicles

Senator Merkley, Congressman Levin Introduce Legislation to End U.S. Sale of Gasoline-Powered Vehicles by 2035

By Office of Oregon Senator Jeff Merkley  •    •  Posted October 21, 2020

Oregon’s U.S. Senator Jeff Merkley and Representative Mike Levin (D-CA-49) on Tuesday introduced in the U.S. Senate and the U.S. House of Representatives the Zero-Emission Vehicles Act of 2020, path-breaking legislation that would create jobs, improve health, and address climate chaos by ending American sales of new gasoline-powered vehicles in 15 years. Pollution created by gasoline engines is widely understood by the medical community to cause premature deaths and asthma attacks, and may also increase mortality among coronavirus patients. One in 13 Americans live with asthma, and millions of Americans who have had the coronavirus may suffer from long-term respiratory complications. [ read more … ]

Markets

Commodities King ADM Pivots to Pet Food, Veggie Burgers, and Probiotics

By Isis Almeida, Bloomberg  •    •  Posted October 22, 2020

Grab a slice of bread in the U.S., a tortilla in Mexico, a glass of orange juice in the U.K., or a pork dumpling in China, and odds are Archer-Daniels Midland Co. has had a hand in it. For decades, ADM, once the self-styled supermarket to the world, helped put the big in Big Food. From trading soybeans to manufacturing high-fructose corn syrup to refining ethanol, it had reach and power rivaled by few in agriculture. But after years of slack growth in its old-line businesses, the 118-year-old giant is hitching its future to such things as pet food, veggie burgers, and probiotics. [ read more … ]

EPA: 1.63 billion RINs generated in September

By Ethanol Producer Magazine  •    •  Posted October 21, 2020

The U.S. EPA released data in mid-October showing 1.63 billion RINs were generated under the Renewable Fuel Standard in September, up from 1.61 billion generated during the same month of last year. More than 45.45 million D3 cellulosic biofuel RINs were generated in September, including 35.32 million generated for compressed renewable natural gas (RNG) by domestic producers, 7.23 million generated for liquefied RNG by domestic producers, 2.79 million generated for compressed RNG by importers, and 114,746 generated for cellulosic ethanol by domestic producers. [ read more … ]

Ethanol demand to slow, but will still impact feed buyers

By Roy Graber, WATT Global Medi  •    •  Posted October 21, 2020

“The use of gasoline is going down, in part due to the increased production of electric cars, and in part due to the increasing efficiency of gasoline cars, and in part due to people having fewer cars at all,” Aho said. Because the ethanol industry is a major user of corn, a major feed ingredient, poultry producers and other feed buyers are affected because it reduces the supply of corn, and therefore increases the price. [ read more … ]

Methanol plant to be built in W.Va., governor says

By Associated Press  •    •  Posted October 21, 2020

A former industrial site in West Virginia has been selected for a $350 million methanol facility, Gov. Jim Justice (R) announced Monday. West Virginia Methanol Inc. will build a plant in Pleasants County that will produce 900 metric tons of methanol daily from natural gas. Once finished, the plant will employ 30 full-time workers, Justice said at a news conference. [ read more … ]

Campaign 2020

Trump Nemesis Mary Nichols on Short List to Run Biden EPA

By Jennifer A Dlouhy, Bloomberg  •    •  Posted October 21, 2020

If Joe Biden wins the presidency, his EPA chief could be a clean air champion from California who has fought President Donald Trump on automobile pollution or an environmental justice activist from Mississippi. Biden’s campaign has heard recommendations for both California air regulator Mary Nichols and Mississippi’s Heather McTeer Toney to lead the Environmental Protection Agency, among others, according to people familiar with the matter who asked not to be named revealing personnel discussions. [ read more … ]

Renewable Energy Investing

Trump Administration Moves at ‘Warp Speed’ to Scrap Environmental, Social and Governance Focused Rule

By Tim Quinson, Bloomberg  •    •  Posted October 21, 2020

Despite widespread objections from the money management industry, President Donald Trump, through the U.S. Department of Labor led by Eugene Scalia, is speeding ahead with a proposal to make it more difficult for fiduciaries of retirement plans to direct money to environmental, social and governance focused funds. The Employee Benefits Security Administration submitted the rule change, called “Financial Factors in Selecting Plan Investments,” to the White House last week. The administration’s stance is that ESG investment strategies sacrifice returns and promote goals unrelated to financial performance. It wants to adjust the Employee Retirement Income Security Act of 1974 (ERISA) to require those overseeing pension and 401(k) plans to always put economic interests ahead of so-called non-pecuniary goals, in what seems intended as a direct attack on ESG and green investing. [ read more … ]

EVs

GM Debuts Electric Hummer Pickup With $80,000 Starting Price

By David Welch, Bloomberg  •    •  Posted October 21, 2020

General Motors Co. showed its much-anticipated battery-powered Hummer pickup in an online video, spearheading the automaker’s renewed push into the electric-vehicle market. The 2022 model-year truck will have a starting price of $80,000 and a range of 350 miles when fully charged. GM will sell it at GMC brand dealerships once production starts in the fall of 2021, the automaker said late Tuesday. The GMC Hummer’s driving range is about the same as Tesla Inc.’s Model 3, and the truck’s zero-to-60 miles per hour acceleration in three seconds is equivalent to a gasoline-powered sports car. [ read more … ]

With Hummer and $2B factory push, GM roars ‘electric’

By David Ferris, E&E News reporter  •    •  Posted October 21, 2020

After a quarter-century of building and honing — and also slow walking and killing — the electric car, General Motors yesterday shouted about it from the rooftops. In a two-minute ad that spanned an entire commercial break in Game 1 of the World Series, General Motors Co. unveiled the new Hummer, which it billed as “the world’s first all-electric supertruck.” Combined with other marketing platforms, GM aims for some version of the ad to reach 80% of all Americans. [ read more … ]

 

 

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