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Governors' Biofuels Coalition
NEWS UPDATE July 12, 2021

Top Story

Blocked By EPA, Biofuels Group Asks OMB For Octane Limit In Vehicle Rule

By Stuart Parker, Inside EPA  •    •  Posted July 12, 2021

A coalition of biofuels and farm groups, led by former Senate Democratic leader Tom Daschle, is poised to press White House Office of Management and Budget (OMB) officials to include a high-octane standard to boost fuel economy in EPA’s upcoming light-duty vehicle rules after a key agency official appeared to reject the request. Daschle, who chairs the High Octane, Low Carbon (HOLC) Alliance, a group formed in 2016, is slated to meet with EPA and OMB officials July 13 to make the group’s case to promote higher blends of ethanol in fuel as part of the agency’s forthcoming proposal for tighter light-duty vehicle greenhouse gas standards. But he could face an uphill battle as EPA’s acting air chief Joe Goffman appears to have already rejected a key argument, according to a June 8 letter to Goffman that reflects their talks from an earlier meeting. [ read more … ]

Reactions: E15 & RFS Decisions

Could Two Recent Court Decisions Put Ethanol Demand’s Healthy Recovery on a Detour?

By TYNE MORGAN, Farm Journal Report  •    •  Posted July 12, 2021

“That was something our industry had been working on for a decade, we finally got some traction with the Trump administration got that regulatory fix approved, the oil refiners sued EPA over that regulatory fix, and the DC Circuit Court, unfortunately, sided with the refiners and overturned that EPA rule that allowed year round E15,” says Cooper. As renewable fuels groups work to repair a victory that took a decade to achieve, they know there’s no easy fix. [ read more … ]

Biden Administration

Biden’s clean energy plan would cut emissions and save 317,000 lives

By Oliver Milman, The Guardian  •    •  Posted July 12, 2021

A plan to force the rapid uptake of renewable energy would swiftly cut planet-heating emissions and save hundreds of thousands of lives from deadly air pollution, a new report has found amid growing pressure on the White House to deliver a major blow against the climate crisis. Of various climate policy options available to the new administration, a clean energy standard would provide the largest net benefits to the US, according to the report, in terms of costs as well as lives saved.But the new report, conducted by a consortium of researchers from Harvard University, Georgia Institute of Technology and Syracuse University, suggests it would be the most effective tool in reaching a White House goal of 80% renewable energy use by 2030. Joe Biden has said he wants all electricity to be renewable by 2035. [ read more … ]

Climate

Heat Scorches U.S. West as Records Fall Across the Region

By Brian K Sullivan, Bloomberg  •    •  Posted July 12, 2021

Searing heat continues to scorch the western U.S., with Las Vegas tying its highest temperature ever and downtown Sacramento, California, setting a new second-highest mark on Saturday and relief at least a day away. Las Vegas reached 117 degrees Fahrenheit (47 Celsius) to equal a mark also set in 1942, 2005, 2013 and 2017, and could hit that level again Sunday, according to the National Weather Service. [ read more … ]

Markets

Did Rains and Wetter Weather Forecast Kill the 2021 Bull Market for Corn?

By TYNE MORGAN, U.S. Farm Report  •    •  Posted July 12, 2021

“I think we had the idea that acres weren’t quite what we thought, they were less than expected, but the change in the weather pattern, and the increase in production estimates, seems to have made up for that based on the price action,” says Brian Splitt of AgMarket.Net. “But we also have a little bit of a macro economic influence. You look at what’s going on globally, we’re seeing expectations that the UK is going to be ending their lockdown. Yet, we have Tokyo announcing that we’re not going to have spectators at the Olympics due to COVID-19. And it does seem to be putting a little bit of a foothold in the macro economic sentiment, putting some negative trade influence with what’s going on in the energies in the equities right now.” [ read more … ]

Oil Slips on Growing Threat of Delta Variant to Demand

By Jill R Shah, Bloomberg  •    •  Posted July 12, 2021

Oil dipped as traders grappled with the demand implications of a Covid-19 resurgence in several regions and slowing economic growth in China. Futures in New York fell as much as 1.9% on Monday. New mobility restrictions have been introduced in parts of Japan, South Korea and Vietnam to curb the spread of the delta variant, clouding the demand outlook for oil. Confirmed Covid-19 cases in the U.S. soared 47% in the week ending Sunday, the largest weekly rise since April 2020. [ read more … ]

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