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Governors' Biofuels Coalition
NEWS UPDATE December 7, 2020

Top Story

Trump, McConnell Expected to Back Relief Bill, Senator Says

By Susan Decker, Bloomberg  •    •  Posted December 6, 2020

President Donald Trump and Senate Majority Leader Mitch McConnell will come “on board” with a $908 billion package to provide pandemic relief, according to a member of a bipartisan group that’s seeking legislation before the end of the year. “President Trump has indicated that he would sign a $908 billion package — there’s only one $908 billion package out there and it’s ours,” Senator Bill Cassidy, a Republican from Louisiana, said on “Fox News Sunday.” “The pain of the American people is driving this and I’m optimistic that both of those leaders will come on board.” [ read more … ]

Markets

Dry Ice Demand Swells as Covid-19 Vaccines Prepare for Deployment

By Jesse Newman, Wall Street Journal  •    •  Posted December 6, 2020

Covid-19 vaccines awaiting regulatory approval will require ultracold temperatures for shipping and storage, and makers of dry ice are bracing for a surge in demand. Frozen carbon dioxide, or dry ice, is one piece of a sprawling supply chain being assembled by businesses from airlines to grocers to deliver the shots. Across the country, dry-ice makers are planning to boost production of the frigid storage material needed to ship hundreds of millions of doses to hospitals, pharmacies and physicians’ offices. [ read more … ]

U.S. Ethanol Stockpiles Surge as Fuel Demand Fizzles

By Karen Braun, Reuters  •    •  Posted December 6, 2020

The second half of November featured the most successful weeks for U.S. fuel ethanol production since the coronavirus pandemic hit earlier this year, but demand trended the wrong way during that period, leading to a large boost in inventory. Further, travel during Thanksgiving week, usually the busiest travel week of the year, was lackluster as motor gasoline demand lost ground versus prior years. [ read more … ]

Low Carbon Fuel Standard

California’s Low Carbon Fuel Standard Accelerating Transportation Electrification

By Jeremy Martin, Union of Concerned Scientists  •    •  Posted December 6, 2020

Earlier this month California utilities launched the California Clean Fuel Rewards Program, a statewide point-of-sale electric vehicle rebate program worth up to $1,500 per vehicle (depending upon battery size). This program is funded by credits from California’s Low Carbon Fuel Standard (LCFS), which are quickly becoming a major source of support for transportation electrification, complementing other state climate and clean air programs. Incentives are good way to accelerate the electric vehicle (EV) market, especially rebates available at the time of purchase. These incentives are different than past state and local efforts because they are funded by producers of carbon-intensive fuels. [ read more … ]

The Transition

Biden calls climate change an ’emergency.’ Now he’s under pressure to officially declare it one.

By Dino Grandoni, Washington Post  •    •  Posted December 6, 2020

Joe Biden often calls climate change an “emergency.” Soon he will have to decide whether to officially declare it one when he takes office. Some environmentalists are pushing the president-elect to proclaim global warming a national emergency, giving him more power to take executive actions to tackle it. 
[ read more … ]

EVs

About 150 U.S. Cadillac Dealers to Exit Brand, Rather Than Sell Electric Cars

By Mike Colias, Wall Street Journal  •    •  Posted December 6, 2020

About 150 General Motors Co. GM 0.70% dealers have decided to part ways with Cadillac, rather than invest in costly upgrades required to sell electric cars, according to people familiar with the plans, indicating some retailers are skeptical about pivoting to battery-powered vehicles. GM recently gave Cadillac dealers a choice: Accept a buyout offer to exit from the brand or spend roughly $200,000 on dealership upgrades—including charging stations and repair tools—to get their stores ready to sell electric vehicles, these people said. [ read more … ]

The Best Motorcycle I Drove in 2020 Is Electric

By Hannah Elliott, Bloomberg  •    •  Posted December 6, 2020

One of the quickest ways to become socially distant is to get on your motorcycle and ride. Plenty of riders this year did just that: Off-road motorbike sales sales were up nearly 19% year-over-year by mid-spring, according to the Motorcycle Industry Council, with many dealers reporting double-digit growth through the summer. I rode more, too. [ read more … ]

 

 

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