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Governors' Biofuels Coalition
NEWS UPDATE May 24, 2021

Top Story

The fight for the soul – and the future – of ExxonMobil

By Steven Mufson, Washington Post  •    •  Posted May 24, 2021

The revolt is being led by a hedge fund, called Engine No. 1, which has charged the company not only with poor financial governance but with failing to come up with a viable strategy for dealing with the existential threat of climate change. Their campaign has built momentum by winning widespread backing from pension funds and shareholder advisory services for its proposal to install four new independent directors at ExxonMobil’s annual meeting next week over the objections of the oil giant’s management. [ read more … ]

Biden Administration

Ag Secretary Tom Vilsack wants conservation efforts to focus on incentives, not regulations

By Erin Murphy, The Gazette  •    •  Posted May 24, 2021

Vilsack also expects better days ahead are ethanol and biofuels. Industry leaders have had their gripes with each of the past two administrations: Obama’s periodically delayed annual ethanol volume requirements, and Trump’s liberal use of waivers that allowed oil companies to circumvent ethanol requirements. [ read more … ]

CCS

Successful completion of Illinois Basin – Decatur CCS project; CO2 from ethanol plant

By Green Car Congress  •    •  Posted May 24, 2021

ADM and the University of Illinois announced the successful completion of the Illinois Basin – Decatur Project (IBDP), a carbon capture and storage (CCS) project designed to evaluate and test the technology at commercial scale. This is one of two CCS projects located adjacent to ADM’s corn processing plant in Decatur, Illinois. [ read more … ]

Emissions

Fetal Exposure to Ultra-Fine Air Pollution Could Raise Asthma Risks

By Robert Preidt, HealthDay Reporter  •    •  Posted May 24, 2021

Exposure to a certain type of air pollution while pregnant may up the odds that your child will develop asthma, a new study says. Children born to mothers exposed to high levels of ultra-fine particle air pollution during pregnancy have a significantly increased risk of asthma, researchers found. Many of the women lived in areas near highly trafficked major roadways where there’s greater exposure to ultra-fine particle air pollution. [ read more … ]

Markets

Average US price of gas jumps 8 cents per gallon to $3.10

By Washington Post  •    •  Posted May 24, 2021

 The average U.S. price of regular-grade gasoline jumped 8 cents over the past two weeks, to $3.10 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday, May 23, 2021 that the increase is attributed to supply disruption from the 10-day shutdown of the Colonial Pipeline following a cyberattack, and a rise in prices for corn, a key ingredient in corn-based ethanol that must be blended by refiners into gasolin [ read more … ]

 

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