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Governors' Biofuels Coalition
NEWS UPDATE November 3, 2020

Top Story

Factbox: Unresolved biofuel policy issues facing the next U.S. president

By Stephanie Kelly, Reuters  •    •  Posted November 2, 2020

Both U.S. President Donald Trump and his Democratic challenger Joe Biden have tried to clinch rural votes ahead of the election by voicing support for corn-based ethanol. But big questions remain over how either would administer the nation’s biofuel law, the U.S. Renewable Fuel Standard (RFS), and the stakes are high for both the nation’s farming and oil refining industries. [ read more … ]

Markets

Corn Rally Sparks Green Fuel Rethink by Chinese Energy Giant

By Alfred Cang, Bloomberg  •    •  Posted November 3, 2020

Millions of hungry pigs in China are setting off a chain reaction in the fuel market, causing the biggest oil refiner to rethink its sales strategy. A hog herd boom amid a push to revive supplies of the nation’s favorite meat has driven up corn prices as demand for animal feed soars. That’s sent biofuel costs flying for oil titan Sinopec Group, which is now being forced to scale back its plans to sell E10, a mix of 10% corn-derived ethanol and gasoline.
[ read more … ]

Exxon’s climate fix is algae. Experts say it won’t work

By Benjamin Storrow, E&E News reporter  •    •  Posted November 2, 2020

Biofuels represent one of Exxon Mobil’s primary answers to climate change. In television ads and presentations to investors, the company showcases it as an example of its dedication to cutting greenhouse gases. But after more than a decade of research, serious questions remain about Exxon Mobil’s biofuel efforts. The company has spent more in the last 10 years on advertising than on algae research. Exxon Mobil is the only major oil company looking at algae as a potential source of biofuels. Scientists say there is good reason for that. The technology, while technically feasible, is wildly expensive. [ read more … ]

Campaign 2020

3 state battles could swing zero-carbon energy plans

By Jeffrey Tomich, Arianna Skibell and Edward Klump, E&E News reporters  •    •  Posted November 2, 2020

The battleground states of Minnesota, Pennsylvania and North Carolina could be pivotal in determining who occupies the White House in 2021. The pace of the transition away from fossil fuels in all three states is also on the ballot today with Democrats vying for party control of state government. Enough wins could give Democrats control of governorships and state legislatures, and a clearer path for more aggressive carbon emissions reductions in energy and transportation.
[ read more … ]

‘Everything is at stake.’ Climate hawks hope to flip Senate

By Thomas Frank, E&E News reporter  •    •  Posted November 2, 2020

As the nation watches the presidential election today, climate experts will be focusing on control of the Senate and whether Democrats can win a mandate to pursue ambitious climate legislation next year. With polls showing Democrats favored to capture the presidency and the House, climate experts and advocates say securing the Senate would give the party an unprecedented opportunity to enact groundbreaking legislation to cut emissions and enhance clean energy. [ read more … ]

Biden links climate action with jobs in closing argument

By Scott Waldman, E&E News reporter  •    •  Posted November 2, 2020

Joe Biden has leaned on climate change in the homestretch of his White House campaign — deploying the issue as a way to talk about energy jobs, environmental justice and how he sees the world differently from President Trump. In a Twitter post yesterday, Biden recalled Trump’s past dismissal of climate change as a hoax. “I believe climate change is an existential threat to humanity. Donald Trump doesn’t even think it exists,” he wrote. “It’s that simple, folks.” [ read more … ]

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