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Governors' Biofuels Coalition
NEWS UPDATE March 15, 2021

Top Story

Auto industry urges emissions deal weaker than Obama’s

By HOPE YEN and TOM KRISHER, Reuters  •    •  Posted March 15, 2021

Asked Friday about the proposal, the White House said discussions with the auto industry on a fuel emissions standard were still early. It declined to comment on whether the administration would accept an agreement that falls below the California deal or Obama-era standards, stressing that tough requirements would be needed to get popular and less-efficient SUVs off the road. [ read more … ]

Vehicle Efficiency Standards

Automakers push for lower emissions standards

BY MATTHEW CHOI, Politico  •    •  Posted March 15, 2021

This may be only the industry’s opening bid, but Biden is going to have a tough time claiming he lived up to his campaign promise of aggressive fuel economy standards if he can’t even get the industry to agree to the 3.7 percent level in the California deal. Environmentalists argue Biden needs to go beyond Obama’s target, so anything less than California’s level is going to leave them screaming. Greens also are not thrilled about flexibilities like the multiplier since they tend to make the program ultimately less effective, though it’s the kind of thing that easily could end up in a final agreement. [ read more … ]

Climate Change

Wary US farmers weigh up joining Biden’s climate fight

By Jack Graham, Reuters  •    •  Posted March 15, 2021

Vilsack plans to give farmers incentives to make the cuts using subsidies from the USDA’s Commodity Credit Corporation (CCC), a $30-billion-a-year fund that President Trump tapped into to support farmers hit by trade wars he launched. Reductions could come from changes like farming more efficiently, using more renewable energy and better protecting soils so they store more carbon. But Biden’s team will need to persuade farmers, most of whom do not support him politically, of the benefits of making the shifts. [ read more … ]

Markets

U.S. Drivers Are Burning More Gas, a Trend Likely to Continue

By Jeffrey Bair, Bloomberg  •    •  Posted March 15, 2021

Retail gasoline sales rose last week to 1% of year-ago levels just before regional lockdowns brought fuel consumption to a crawl, Patrick DeHaan, head of petroleum analysis at GasBuddy said on Twitter. With the rate of new coronavirus infections falling to a record low last week and the vaccination effort ramping up, this latest demand rebound comes with a lower threat of yet another wave of infections than before. [ read more … ]

Oil struggles for direction after Brent crude nudges above $70 a barrel

By William Watts, Wall Street Journal  •    •  Posted March 15, 2021

Crude has rallied in 2021, with both WTI and Brent up more than 30% in the year to date, with analysts tying strength to increased demand as the global economy continues to reopen, and appears set to accelerate. Compliance with production cuts by the Organization of the Petroleum Exporting Countries and their allies, known as OPEC+, have also served to underpin prices. [ read more … ]

EVs

BMW’s Mini Brand Will Go All-Electric by the End of This Decade

By William Wilkes, Bloomberg  •    •  Posted March 15, 2021

BMW AG’s Mini brand will go all-electric from 2030 as the automaker intensifies its transition to battery-powered vehicles, according to people familiar with the matter. The iconic British brand will roll out its last combustion-engine variant in 2025, and around half of all Mini sales should be electric by 2027, one of the people said, declining to be named discussing confidential information. Mini will only produce battery-electric vehicles from 2030, the people said [ read more … ]

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