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Governors' Biofuels Coalition
NEWS UPDATE December 17, 2021

Top Story

Study: Fossil fuel burning linked to over 1M deaths per year

By Sean Reilly, E&E News  •    •  Posted December 17, 2021

A worldwide halt to the burning of coal and other fossil fuels would help save more than 1 million lives annually by cutting concentrations of dangerous airborne soot, researchers conclude in a new study. The study, released today by the Boston-based Health Effects Institute, found that coal combustion accounted for about half of those premature deaths, with the burning of oil and natural gas deemed responsible for the rest. [ read more … ]

Carbon Capture

Carbon pipelines could extend ethanol’s viability, but some Iowa farmers say they’re not worth the tradeoffs

By Donnelle Eller, Des Moines Register  •    •  Posted December 17, 2021

The companies say the pipelines are needed to slash the carbon footprint of ethanol so the renewable fuel can remain viable as the nation pushes to reduce greenhouse gas emissions that cause global warming. But even though ethanol production absorbs half of Iowa’s corn crop, the nation’s largest, the companies are running into mounting opposition. Landowners, many of whom are farmers, are filing objections with the state utilities board and calling county and state leaders about the projects. [ read more … ]

Big payout, more CO2: Greens split over Dems’ CCS plan

By Benjamin Storrow, E&E News  •    •  Posted December 17, 2021

Carbon capture has long divided environmentalists. Now, that fissure is spilling into the debate over the $1.7 trillion reconciliation bill before Congress. It concerns a provision governing 45Q, the tax incentive available to carbon capture and storage projects. In the House version of the bill, also known as the “Build Back Better Act,” a power plant equipped with carbon capture technology would need to catch 75 percent of emissions in order to qualify for the credit, which the bill would increase from a maximum of $50 per ton to $85. [ read more … ]

Net Zero

Ethanol Producers, Advocates Aim for Net-Zero Ethanol by 2050

By Susanne Retka Schill, Great Plains Institute  •    •  Posted December 17, 2021

As US and world leaders engage on climate change and carbon reduction efforts, leaders in the American ethanol industry have announced pledges and efforts to reduce greenhouse gas (GHG) emissions. The country’s largest ethanol producer, POET LLC, and the Renewable Fuels Association (RFA), representing another large portion of the industry, have separately pledged GHG reductions of 70 percent within a decade and goals of net neutrality by 2050. The American Coalition for Ethanol also supports state and federal policies that aid in ethanol reaching net neutrality by midcentury. [ read more … ]

Reconciliation Bill

Senate Democrats begin to concede $2 trillion economic package may be delayed into 2022

By Tony Romm, Washington Post  •    •  Posted December 17, 2021

Even after considerable legislative legwork, Democrats on Thursday said they continued to tinker with a slew of spending proposals related to climate, health care and taxes. They admitted they also had not yet completed the lengthy, intricate process that would allow them to bring the bill, known as the Build Back Better Act, to the chamber floor in a manner that could skirt Republican opposition. [ read more … ]

Senate reconciliation bill draft axes offshore drilling ban

By Emma Dumain, Jeremy Dillon, Nick Sobczyk, E&E News  •    •  Posted December 17, 2021

The Senate version of congressional Democrats’ massive climate and social spending package would allow offshore oil and gas drilling off the Atlantic, Pacific and the eastern Gulf of Mexico in the party’s massive climate and social spending package, according to draft text obtained by E&E News. The draft text comes as the Senate appears increasingly unlikely to take action on the bill before year’s end.
[ read more … ]

Groups urge Dems to preserve imperiled EV tax credit

By Arianna Skibell, Jeremy Dillon, E&E News  •    •  Posted December 17, 2021

Scores of environmental, public health and labor groups are urging Senate Democrats to preserve an imperiled electric vehicle tax credit in the sprawling $1.7 trillion climate and social spending bill. The provision would offer up to $12,500 in incentives for EVs made in the United States by unionized workers. Car companies like Toyota Motor Co. and Tesla Inc., whose workers are not unionized, have slammed the legislation as discriminatory. [ read more … ]

Markets

Marrying Soybeans and Renewable Diesel

By Chris Clayton, DTN Ag Policy Editor  •    •  Posted December 17, 2021

Analysts are having a hard time modeling out the soybean oil needs in the near term and long term as more renewable diesel projects are announced. For now, forecasts call for higher soybean prices, expanded acreage, and not enough soybean oil to go around. If everything is built out as projected, farmers would have to add tens of millions of acres of soybeans and yield increases to keep up with the crush demand. To hit the numbers, soybean production would have to grow by roughly 3.6 billion bushels by 2030. [ read more … ]

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