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Governors' Biofuels Coalition
NEWS UPDATE February 1, 2021

Top Story

G.M. Announcement Shakes Up U.S. Automakers’ Transition to Electric Cars

By Neal E. Boudette and Coral Davenport, New York Times  •    •  Posted January 31, 2021

A new president took office this month determined to fight climate change. Wall Street investors think Tesla is worth more than General Motors, Toyota, Volkswagen and Ford put together. And China, the world’s biggest car market, recently ordered that most new cars be powered by electricity in just 15 years. Those large forces help explain the decision by G.M.’s chief executive, Mary T. Barra, that the company will aim to sell only zero-emission cars and trucks by 2035. [ read more … ]

Biden Administration

Washington Week Ahead: Senate set to question Biden’s USDA, EPA picks

By Philip Brasher, Agri-Pulse  •    •  Posted January 31, 2021

Tom Vilsack gets a chance this week to outline his vision for a second stint at the Agriculture Department in which he will be expected to play a major role in carrying out President Joe Biden’s climate policy and racial justice agenda. The Senate Agriculture Committee will hold a confirmation hearing for Vilsack on Tuesday and the Senate Environment and Public Works Committee has a hearing Wednesday for Michael Regan, Biden’s nominee to head the Environmental Protection Agency. Both Vilsack and Regan have broad support from farm groups. [ read more … ]

SREs

EPA Directed to Report on 2017 Court Order

By Cindy Zimmerman, Ethanol Producer Magazine  •    •  Posted January 31, 2021

The U.S. Court of Appeals for the District of Columbia Circuit is directing the Environmental Protection Agency to submit a status report every 60 days “on its progress in complying with the court’s remand” stemming from the July 2017 ruling in a case regarding the improper waiver of 500 million gallons of 2016 renewable fuel blending requirements under the Renewable Fuel Standard. [ read more … ]

Markets

Spotlight: E15 may get boost with friendlier labeling at the pump

By Corey Lavinsky and Zane McDonald, S&P Global  •    •  Posted January 31, 2021

The US biofuels industry experienced many highs and lows during the Trump presidency, with most of the good news pertaining to the expansion of gasoline blended with 15% ethanol (E15). In President Trump’s final week in office, the US Environmental Protection Agency (EPA) proposed a rule to either modify the label requirement for E15 on fuel dispensers or eliminate it entirely. [ read more … ]

U.S. renewable fuel credits surge to at least 7-yr high: traders

By Stephanie Kelly, Reuters  •    •  Posted January 31, 2021

U.S. renewable fuel credits climbed on Friday to their highest level in at least seven years, traders said, on higher crop costs and as the market bets on a renewable fuel push from President Joe Biden. U.S. renewable fuel (D6) credits for 2021 traded at $1.13 each on Friday, traders said, the highest since at least 2013, the earliest recorded data on Refinitiv Eikon. Biomass-based (D4) credits traded at $1.17 each, highest since 2016. [ read more … ]

EVs

Big Oil Woos Big Corn To Fight Off Biden EV Push

By Steve Hanley, CleanTechnica  •    •  Posted January 31, 2021

No one at Kodak ever thought digital chips would replace film. No one at Xerox ever anticipated the fax machine. And no one at Nokia ever saw the iPhone coming. Like a deer in the headlights, Big Oil is watching the fast moving train wreck headed its way and trying everything it can think of to avoid the carnage a major market disruption will bring, even it it means cozying up to its long time rival, the ethanol industry. [ read more … ]

GM’s all-EV plan could shake the energy industry

By David Ferris, E&E News reporter  •    •  Posted January 31, 2021

General Motors Co., pioneer of the automobile and a pillar of American manufacturing, declared that it will stop making cars that run on gas. That day won’t come until 2035, according to GM, but that hardly lessened the impact of an announcement set to shake the oil industry; the automotive supply chain that suffuses the economy; and the electric grid, which would need dramatic changes to fuel the onrush of electric vehicles. [ read more … ]

GM to Phase Out Gas- and Diesel-Powered Vehicles by 2035

By Mike Colias, Wall Street Journal  •    •  Posted January 31, 2021

GM executives said Thursday that the goal of going all-electric within 15 years hinges partly on government incentives and other support to nudge consumers toward plug-in cars. The federal government and many states offer tax credits to buyers to help offset the higher cost of plug-in cars. “They really help with consumer acceptance and overcoming some of the initial hurdles consumers might have with first cost, as well as things like charging infrastructure,” said GM’s sustainability chief, Dane Parker. [ read more … ]

Truck maker to finish first prototypes in March

By Associated Press  •    •  Posted January 31, 2021

A fledgling electric vehicle maker in Ohio expects to complete the prototypes of its new pickup truck in March and remains on target to start full production in the fall, the company said yesterday. Lordstown Motors Corp. said it already has begun metal stamping and welding for the Endurance all-electric pickup truck prototypes, which will be used for testing.
[ read more … ]

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