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Governors' Biofuels Coalition
NEWS UPDATE April 18, 2021

Top Story

Who Votes First? Diverse Nevada Argues for a New Primary Lineup

By Emma Kinery, Bloomberg  •    •  Posted April 18, 2021

Nevada wants to leapfrog Iowa and New Hampshire and hold the first U.S. presidential nominating contest in 2024, a move that would give the racially diverse state with powerful labor interests an early opportunity to shape the race for the White House. A bill with broad support is moving through the Nevada legislature to change the contest to a primary from a caucus, and move the date to early January from late February, before Iowa and New Hampshire traditionally vote. Iowa’s disastrous caucus in 2020, when technical problems left the country waiting days for results in the traditional “first in the nation” nominating contest, gave Nevada the opening it needed. [ read more … ]

RFS

Energy EPA seeks oil, corn sectors’ input on next phase of U.S. biofuel policy -sources

By Stephanie Kelly, Reuters  •    •  Posted April 18, 2021

The U.S. Environmental Protection Agency has asked industry groups for their input on the future of the nation’s biofuel policy after it ends its current phase in 2022, four sources familiar with the matter said. The consultations will provide a new opportunity for the oil, corn and biofuel lobbies to reshape the regulation, called the Renewable Fuel Standard, which has bitterly divided the two industries for more than a decade. [ read more … ]

Biden Administration

No comment’: Farm country keeps its distance from Biden’s infrastructure plan

By Ryan McCrimmon, Politico  •    •  Posted April 18, 2021

Farmers for decades have lobbied for massive upgrades to roads and waterways to help carry their goods to market. But now that an infrastructure overhaul is being promoted nationwide by the Biden administration, the agriculture industry has gone strangely quiet. Fear of higher taxes and climate policies are contributing to agriculture’s muted response to President Joe Biden’s $2-trillion-plus infrastructure blueprint. [ read more … ]

Markets

Dems Unleash Bill Targeting Fossil Fuel Tax Breaks, Subsidies

By Law360  •    •  Posted April 18, 2021

Democratic lawmakers on Thursday proposed legislation targeting the fossil fuel industry that would increase payments companies must make to the government, eliminate tax benefits and subsidies, and ban taxpayer-funded fossil fuel research and development. Sen. Bernie Sanders, I-Vt., and Rep. Ilhan Omar, D-Minn., said that their bill, the “End Polluter Welfare Act,” would save taxpayers up to $150 billion over the next ten years. They said the legislation backs up President Joe Biden’s proposals in his American Jobs plan to eliminate subsidies for fossil fuels and to provide incentives for renewable energy and the manufacturing of technologies, such as batteries and solar components. [ read more … ]

Goldman Sees Oil Demand Peak in Transportation 5 Years Out

By Andres Guerra Luz and Elizabeth Low, Bloomberg  •    •  Posted April 18, 2021

Add Goldman Sachs Group Inc. to the list of forecasters calling for oil demand to peak sooner rather than later. The bank brought forward its forecast for peak oil demand in the transportation sector by one year to 2026, if not sooner, largely due to the accelerating adoption of electric vehicles. Overall crude consumption will keep expanding this decade due to jet fuel and petrochemicals, but growth will be at an “anemic” pace past 2025. [ read more … ]

EVs

Mercedes Says Its Newest Electric Sedan Goes Farther Than a Tesla: Live Updates

By Jack Ewing, New York Times  •    •  Posted April 18, 2021

Mercedes-Benz unveiled an electric counterpart to its top-of-the-line S-Class sedan on Thursday, the latest in a series of moves by German automakers to defend their dominance of the high end of the car market against Tesla. The EQS, which will be available in the United States in August, is the first of four electric vehicles Mercedes will introduce this year, including two S.U.V.s that will be made at the company’s factory in Alabama and a lower-priced sedan. Mercedes did not announce a price for the EQS, but it is unlikely to be lower than the S-Class, which starts at $94,000 in the United States. [ read more … ]

As Consumer Interest in Electric Cars Grows, Tesla Still Dominates the Conversation

By Morning Consult  •    •  Posted April 18, 2021

Since January, the share of U.S. adults who say they would likely consider buying or leasing an EV in the next decade has ticked up from 39% to 43%, an increase bolstered by millennials and Democrats. Consumer interest in electric vehicles continues to mount, with major marketing campaigns from automakers and the Biden administration’s high-profile proposals to invest in charging and other related infrastructure buoying the rise. [ read more … ]

 

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