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Governors' Biofuels Coalition
NEWS UPDATE October 26, 2020

Top Story

Pelosi, White House Say Each ‘Moving the Goalposts’ on Stimulus

By Laura Litvan and Billy House, Bloomberg  •    •  Posted October 26, 2020

House Speaker Nancy Pelosi said the chamber could pass a pandemic relief plan this week, though a deal with the White House remains elusive and the Republican-led Senate might not act before the Nov. 3 U.S. election. Pelosi and White House Chief of Staff Mark Meadows accused each other of “moving the goalposts” on stimulus legislation in back-to-back Sunday interviews on CNN, showing why there’s so much pessimism among U.S. lawmakers that a deal can be reached before Election Day. Pelosi cited a continuing lack of agreement on funding for stemming the coronavirus pandemic and on aid related to education. [ read more … ]

Transition

Oil Industry Expresses Concern, Not Alarm, About Biden Comments

By Clifford Krauss, New York Times  •    •  Posted October 26, 2020

Joseph R. Biden Jr.’s promise that he would “transition” the country away from oil and natural gas might hurt him politically in Texas and Pennsylvania, but it did not come as a surprise to many in the energy industry. Oil and gas executives have been keenly aware that the world is starting to move from fossil fuels toward renewable energy, although they strongly argue that their industry will continue to provide cheap and plentiful energy for decades to come. And several of them said on Friday that while they did not like Mr. Biden’s comments, they were not alarmed by them, either. [ read more … ]

RFS

Oil state senators ask EPA to undermine the RFS

By Erin Voegele, Ethanol Producer Magazine  •    •  Posted October 25, 2020

A group of 15 oil state senators sent a letter to U.S. EPA Administrator Andrew Wheeler on Oct. 21 urging the agency to undermine the Renewable Fuel Standard and set the 2021 renewable volume obligations (RVOs) below the so-called E10 blend wall. They also ask that the 2021 RVOs for advanced and cellulosic biofuels and the 2022 RVO for biomass-based diesel “be set at levels of demonstrated domestic production to ensure compliance feasibility.” [ read more … ]

Golden Grain CEO hopes CA governor comes around on ethanol

By Mark Dorenkamp, Brownfields  •    •  Posted October 25, 2020

California Governor Gavin Newsom has come under fire from ag and biofuels groups following his executive order to phase out gasoline-powered vehicles by 2035. Chad Kuhlers, CEO of north Iowa ethanol plant Golden Grain Energy, says he hopes Newsom eventually recognizes that renewable fuels actually support a low carbon, green economy. He points out ethanol has carbon intensity scores that are at least 20 percent cleaner than gasoline. [ read more … ]

Markets

Valero’s Dismal Earnings Had One Important Bright Spot: Renewable Diesel.

By Avi Salzman, Barrons  •    •  Posted October 25, 2020

Valero (VLO) reported a $464 million third-quarter loss, or $1.14 a share, on Thursday, versus $609 million in earnings in the quarter a year ago. The result was slightly better than what analysts had expected, but the stock was about flat on the day. It is down 56% this year. One bright spot for Valero was its renewable diesel business. The company is in a joint venture with a company called Diamond Green Diesel that produces diesel fuel from recycled animal fats and used cooking oil and corn oil at a refinery in Norco, La. [ read more … ]

RFA Calls on President Trump to Level the Playing Field for Ethanol Exports to Brazil

By Ken Colombini, RFA  •    •  Posted October 25, 2020

The Renewable Fuels Association yesterday called on President Trump to move forward in seeking reciprocity and fairness in ethanol trade policy with Brazil. In a letter to the president, the association highlighted his August pledge to consider reciprocity with respect to Brazilian ethanol imports and reminded him of a commitment from the U.S. Trade Representative in September to “ensure that the ethanol industries in both countries will be treated fairly.” [ read more … ]

U.S. remains major ethanol supplier

By Sean Pratt, Western Producer  •    •  Posted October 25, 2020

Canada could overtake Brazil as the top market for American ethanol this year, a situation that western Canadian farmers find frustrating. Through the first seven months of 2020 the United States shipped 176 million gallons of ethanol to Brazil and 165 million gallons to Canada. Sales to Brazil have plummeted 23 percent while exports to Canada are down eight percent over that time. [ read more … ]

Campaign 2020

Gov. Walz on COVID-19, veterans, ethanol fuel, healthcare, and elections

By Devin Martin, ABC 6 News  •    •  Posted October 25, 2020

Gov. Walz also spoke with farmers after he toured the Poet Biorefining ethanol plant in Preston, “We had to fight every step of the way to get the president to not give breaks to oil companies, to make sure our ethanol industry thrives and to see them coming back. I think it’s exciting to see small-town folks who are raising corn and producing ethanol to understand that a Biden administration knows that yes we’re going to have to transition off fossil fuels but there’s a bridge and one of those bridges is ethanol,” Gov. Walz said. [ read more … ]

Biden draws GOP attacks with call to ‘transition’ from oil

By Dino Grandoni, Washington Post  •    •  Posted October 25, 2020

While Biden’s plan does not call for a ban on fossil fuels and includes measures for continuing their use by capturing their carbon emissions, the 2050 goal still cannot be achieved without significantly curtailing the burning of oil and gas. Indeed, the Democrat’s proposal includes a major subsidy for consumers to buy electric vehicles and get rid of cars that rely exclusively on petroleum-based fuels.
[ read more … ]

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