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Governors' Biofuels Coalition
NEWS UPDATE February 24, 2021

Top Story

Vilsack Confirmed by Senate

By Chris Clayton, DTN Ag Policy Editor  •    •  Posted February 23, 2021

Tom Vilsack received a strong vote of confidence in the U.S. Senate from Republicans as President Joe Biden’s pick for agriculture secretary was confirmed with a 92-7 vote on Tuesday. Vilsack, 70, received strong bi-partisan support in his confirmation vote even as his nomination drew criticism in some progressive circles. Among the GOP backers were Senate Majority Leader Mitch McConnell, R-Ky., and Sen. John Boozman, R-Ark., the ranking member of the Senate Agriculture Committee.
[ read more … ]

SREs

Biden EPA Backs Limiting Biofuel Quota Waivers for Refineries

By Jennifer A Dlouhy, Bloomberg  •    •  Posted February 23, 2021

The EPA’s declaration is prompted by the Supreme Court calendar. The petitioners’ merits brief is due in the case Monday and the EPA is communicating its change in position in advance of that filing. The Biden administration is still formulating the arguments it will make in a late March filing with the Supreme Court. [ read more … ]

EPA says it now ‘agrees’ with 10th Circuit waiver ruling

By Spencer Chase, Agri-Pulse  •    •  Posted February 23, 2021

The Environmental Protection Agency has flipped its official position in a critical court case for the future of waivers from the nation’s biofuel mandate, offering a signal of the Biden administration’s view on a major aspect of renewable fuels policy. The decision, announced on EPA’s website Monday, concerns a ruling issued last year by the 10th Circuit Court of Appeals that remanded three small refinery exemptions from the Renewable Fuel Standard and effectively offered a new rationale for future waivers. The case is currently under appeal to the Supreme Court; arguments have not been scheduled. [ read more … ]

Markets

Oil Dips Below $62 in New York Though Banks Say Rally Can Extend

By Elizabeth Low, Bloomberg  •    •  Posted February 23, 2021

Oil retreated from an earlier rally with investment banks and traders predicting the market can go significantly higher in the months to come. Futures in New York pared much of an earlier increase to $63 a barrel as the dollar climbed and equities slipped. Bank of America said prices could reach$70 at some point this year, while Socar Trading SA sees global benchmark Brent hitting $80 a barrel before the end of the year as the glut of inventories built up during the Covid-19 pandemic is drained by the summer. [ read more … ]

USDA predicts 0.5% growth in corn use for ethanol through 2030

By Erin Voegele, Ethanol Producer Magazine  •    •  Posted February 23, 2021

The USDA predicts that corn use for ethanol will remain relatively flat, increasing by 0.5 percent over the next decade, according to data released by the agency in February as part of its long-term agricultural projections through 2030. The agency said ethanol exports are assumed to account for a small but growing share of ethanol consumption through 2030. Total ethanol consumption is assumed relatively stagnant due to gradually declining motor gasoline consumption. Ethanol imports are projected to remain mostly flat. [ read more … ]

EVs

Pennsylvania Governor drafts plan to boost electric vehicle sales

By Associated Press  •    •  Posted February 23, 2021

Democratic Gov. Tom Wolf’s administration has begun drafting a regulation that would require automakers to offer electric cars for sale in Pennsylvania as a way to cut emissions of greenhouse gases and pollutants that cause lung problems, it said Friday. At least 12 states already have a requirement for the zero-emission electric vehicles, including neighbors Maryland, New Jersey and New York. [ read more … ]

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