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Governors' Biofuels Coalition
NEWS UPDATE April 12, 2021

Top Story

Oil industry games in the Delaware Valley are played out

By Jan Koninckx, Delaware Online  •    •  Posted April 12, 2021

Every few years, leaders like Sen. Tom Carper and Sen. Chris Coons are on the receiving end of lobbying blitz by area petroleum refiners seeking to roll back the Renewable Fuel Standard. The 2005 law requires oil refiners to blend a modest, but growing volume of renewable energy into the nation’s fuel supply, which is now composed of about 10% biofuels. Recently, PBF Energy ramped up their efforts, assuring investors last month that they are “actively, actively, actively engaged in Washington” to combat RFS. The president of the company even noted that the discussions have taken on a “sort of rinse, wash, repeat” feeling, with perennial warnings of an imminent economic crisis. [ read more … ]

The Biden Administration

Biden sees `win’ for US in electric vehicle battery deal

By MATTHEW DALY and TOM KRISHER, Associated Press  •    •  Posted April 12, 2021

Two big South Korean electric vehicle battery makers said Sunday they have settled a long-running trade dispute that will allow one company to move ahead with plans to manufacture batteries in Georgia. President Joe Biden called it “a win for American workers and the American auto industry.” The agreement between LG Energy Solution and SK Innovation ended the need for Biden to intervene in a case closely watched for its implications on Biden’s clean-energy agenda, which includes a sharp increase in the number of electric vehicles as part of his plan to address climate change. Biden had until Sunday night to make a decision. [ read more … ]

State Initiatives

Clean fuel standard, ‘cap-and-trade’ proposals pass state Washington senate last week

By Laurel Demkovich, The Spokesman-Review  •    •  Posted April 12, 2021

The Washington State Senate passed Thursday two controversial climate proposals that look to reduce carbon emissions in the state: a “cap-and-trade” bill and a clean fuel standard. Both bills have been proposed by Democrats and Gov. Jay Inslee for years, but neither has made its way through the Legislature. They’re both pieces of what Senate Democrats call a “grand bargain,” which ties proposals that reduce carbon emissions to a transportation revenue package that funds new highways, roads and green energy initiatives. [ read more … ]

Markets

USDA increases forecast for 2020-’21 corn use in ethanol

By USDA  •    •  Posted April 12, 2021

The USDA increased its forecast for 2020-’21 corn use in ethanol in its latest World Agricultural Supply and Demand Estimates report, released on April 9. The outlook for feed and residual use was also increased. The USDA said the forecast for feed and residual use is raised 50 million bushels to 5.7 billion based on corn stocks reported as of March 1, which indicated disappearance during the December-February quarter increased about 6 percent relative to a year ago. [ read more … ]

U.S. says strong demand to cut corn supply; prices hit highest since June 2013

By Mark Weinraub, Reuters  •    •  Posted April 12, 2021

U.S. corn supplies will shrink by more than previously forecast due to rising demand from the ethanol, livestock feed and export sectors, the U.S. Agriculture Department said on Friday. The supply outlook sparked a rally that pushed corn futures to their highest in nearly eight years, and heightened focus on the next U.S. crop currently being planted to rebuild supplies. [ read more … ]

EVs

Once ‘green’ plug-in hybrid cars suddenly look like dinosaurs in Europe

By Nick Carey and Kate Abnett, Reuters  •    •  Posted April 12, 2021

Remember when plug-in hybrid cars were the go-to technology for the climate-conscious driver? Turns out, they’re not good for the environment, according to some experts, and they could be phased out by carmakers in the face of tougher European rules. EU policy plans for plug-in hybrid vehicles (PHEVs), which contain an electric battery and a combustion engine, could mean the “transition” technology has a shorter lifespan than envisaged by some leading automakers. [ read more … ]

 

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