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Governors' Biofuels Coalition
NEWS UPDATE November 16, 2012

GOP House energy leader does not expect to change biofuel rule

By Zack Colman, The Hill  •    •  Posted November 16, 2012

A top House Energy and Commerce Committee Republican said he does not expect Congress to change a renewable fuel mandate, despite the oil-and-gas industry’s goal of weakening it. “I don’t think that there’s going to be any effort to roll back the renewable fuel standard,” Energy and Power subcommittee Chairman Ed Whitfield (R-Ky.) said Thursday at an event hosted by CQ. [ read more … ]

Obama plans further climate action but says a carbon tax ‘is hard’ to pass

Evan Lehmann, E&E reporter  •    •  Posted November 16, 2012

President Obama revealed yesterday that he’s searching for ways to address climate change in his second term by planning meetings with scientists and experts weeks after a re-election campaign in which he said very little about the topic. But when asked directly about taxing carbon, he declined to endorse the idea, which has gained traction among a handful of conservative think tanks and free-market groups as a source of revenue that might help close the deficit. [ read more … ]

Ethanol’s Discount to Gasoline Expands as Imports Boost Supply

  •    •  Posted November 16, 2012

Ethanol’s discount to gasoline expanded on speculation that imports will exacerbate a glut of the biofuel. The additive’s discount to the motor fuel widened to 36.12 cents a gallon from 33.6 cents yesterday, based on December futures prices, after an Energy Department report showed imports in the week ended Nov. 9 were almost triple levels a year earlier. Gasoline’s premium was 99.8 cents on Sept. 28. [ read more … ]

Proponents of military program tout economic benefits as key vote looms

Annie Snider, E&E reporter  •    •  Posted November 16, 2012

Supporters of the military’s plans to transition its fleets to biofuels are touting a new report outlining the economic benefits of the effort as a key Senate vote on the program nears. A study released today by the trade group Environmental Entrepreneurs predicts that the Defense Department’s goals, which include a Navy plan to get half of the service’s energy from alternative sources by the end of the decade, could generate between $9.6 billion and $19.8 billion in that period. It also predicts a total of 14,000 to 17,000 new jobs could be created by 2020. [ read more … ]

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