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Governors' Biofuels Coalition
NEWS UPDATE April 25, 2021

Top Story

Washington Week Ahead: Biden proposing tax hikes, SCOTUS mulls ethanol case

By Philip Brasher and Ben Nuelle, Agri-Pulse  •    •  Posted April 25, 2021

On Tuesday, lawyers for the refining industry and a coalition of biofuels groups will make their arguments virtually before the Supreme Court over whether EPA has the authority to extend small refinery exemptions that had lapsed. Refiners are appealing a 10th U.S. Circuit Court of Appeals ruling issued in January 2020, that struck down three SREs. A three-judge panel said EPA cannot “extend” exemptions to any small refineries whose earlier, temporary exemptions had lapsed. SREs are issued to refiners with production capacity of less than 75,000 barrels per day who claim RFS compliance would cause them undue economic harm. [ read more … ]

Proposed Climate Policies

Climate Policies Announced on Earth Day

By Chris Clayton, DTN Ag Policy Editor  •    •  Posted April 25, 2021

Biofuel groups are feeling better after seeing the president’s plan mention “very low carbon, new generation renewable fuels” to help achieve rapid emission reductions in both the auto fleet and aviation. USDA also announced $18.4 million for 20 states to increase sales of higher biofuel blend volumes. [ read more … ]

FACT SHEET: President Biden Sets 2030 Greenhouse Gas Pollution Reduction Target Aimed at Creating Good-Paying Union Jobs and Securing U.S. Leadership on Clean Energy Technologies

By The White House  •    •  Posted April 25, 2021

The United States can reduce carbon pollution from the transportation sector by reducing tailpipe emissions and boosting the efficiency of cars and trucks; providing funding for charging infrastructure; and spurring research, development, demonstration, and deployment efforts that drive forward very low carbon new-generation renewable fuels for applications like aviation, and other cutting-edge transportation technologies across modes. [ read more … ]

Biden Administration

Biden’s Pledge to Slash Emissions Would Require Big U.S. Changes

By Russell Gold and Collin Eaton, Wall Street Journal  •    •  Posted April 25, 2021

While U.S. industries are already transitioning to a lower-carbon future, Mr. Biden’s target would require companies in industries from energy to transportation to agriculture to greatly speed the pace of change. Some segments of the economy appear to be ready. Others would face extraordinary challenges. All would face significant new costs—exactly how much is unknown—and it is unclear how much would be subsidized by government tax policies or incentives, since the Biden administration has yet to detail how it would seek to reach the aggressive new goal. [ read more … ]

Senators spar over Biden green energy infrastructure push

By Sylvan Lane, The Hill  •    •  Posted April 25, 2021

President Biden’s push to mobilize the U.S. economy against climate change is stoking Republican backlash to his infrastructure plan, raising further doubts about a potential bipartisan breakthrough. That GOP criticism was on display Thursday at a Senate Banking Committee hearing, where Democrats touted the Biden administration’s “whole-of-economy” approach to fighting climate change, a central focus of the president’s $2.3 trillion American Jobs Plan. The proposal would allocate hundreds of billions of dollars toward accelerating the shift away from fossil fuels, with the goal of creating thousands of green energy jobs in the process. [ read more … ]

Markets

How Tight Are US Corn Supplies?

By  Todd Hultman, DTN Lead Analyst  •    •  Posted April 25, 2021

Wonders never cease. On Tuesday, May corn closed above $6.00, the first time for a spot contract since 2013. By Thursday, May corn was at $6.50 1/2, held back by Thursday’s 25-cent price limit. Even more amazing, it wasn’t just the futures price — cash corn bids at $6 or higher are rapidly blanketing the Midwest. It was one thing to see $6 bids in Illinois and Indiana, where cash prices are often blessed with generous premiums. By Thursday’s close, the entire Midwest was covered with corn bids of $6.00 and higher. A place as far west as Aberdeen, South Dakota, sported a bid of $6.66 per bushel. All of this happened so quickly that, if corn bids were a virus, $6 would be declared the latest variant. [ read more … ]

China Is Already Scooping Up U.S. Corn From the Next Harvest

By Isis Almeida, Michael Hirtzer and Alfred Cang, Bloomberg  •    •  Posted April 25, 2021

China has already started buying U.S. corn from the harvest that farmers will start gathering in the fall, in the latest sign of tight global supplies. The Asian nation, the world’s largest commodity importer, bought American corn for shipment in the fourth quarter, according to people familiar with the matter who asked not to be identified because the deals are private. Crops for the fall harvest are currently just being planted and traders estimate sales to China were at least 1 million metric tons. [ read more … ]

GRAINS-Corn eases off June 2013 top but set for fourth weekly gain

By Naveen Thukral, Reuters  •    •  Posted April 25, 2021

Chicago corn slid on Friday as the market paused after climbing to its highest in nearly eight years, although concerns over tightening world supplies kept the grain on track for its biggest weekly rise since late January. Wheat gained more ground and was on course for its biggest weekly climb in almost two years on expectations of strong demand and lower production in top exporter Russia. [ read more … ]

EVs

How a Wave of Electric Trucks Could Create Millions of ‘Accidental Environmentalists’

By Christopher Mims, Wall Street Journal  •    •  Posted April 25, 2021

Bob Dykes speaks in the gravelly drawl you’d expect of a man who grew up in Wyoming and owns an oil-and-gas company. He’s 69 years old, calls himself a political independent and is agnostic about global warming. He’s also about to buy his first all-electric vehicle. Not one from Elon Musk, however. “ Tesla to me is a yuppie vehicle,” he says. The 1,000-horsepower beast he preordered from General Motors is the new electric Hummer. It will be the third Hummer Mr. Dykes, whose family-owned company operates in 14 states, has owned and, at $112,595, the most expensive. [ read more … ]

Commentary

How Electric, Self-Driving Cars and Ride-Hailing Will Transform the Car Industry

By Daniel Yergin, Wall Street Journal  •    •  Posted April 25, 2021

When GM’s very first car, the Chevrolet Classic 6, appeared on Detroit’s streets in 1912, it ran on gasoline. More than a century later, in 2034, the very last GM car that runs on gasoline is scheduled to roll off the assembly line. Starting in 2035, GM intends to make only electric cars, from its least expensive model, the $4,000 Hongguang Mini in China, to the “handcrafted” Cadillac Celestiq at $200,000-plus. The other major car companies, from Ford and Toyota to Volkswagen and Volvo, are heading in the same direction. [ read more … ]

There’s Only One Way To Cut Climate Pollution in Half By 2030: HERE’S HOW

By Marc J. Rauch, The Auto Channel  •    •  Posted April 25, 2021

Ethanol is alive and well. Ethanol is available IMMEDIATELY. Ethanol can be used RIGHT AWAY in every single spark-ignited internal combustion engine in America. Ethanol also works to create biodiesel fuel than can be used in every single compression-ignited internal combustion engine, And, because the job doesn’t just need to be done in America, that’s okay because hero Ethanol is ubiquitous around the world. [ read more … ]

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