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Governors' Biofuels Coalition
NEWS UPDATE February 27, 2022

Top Story

15 years of Supreme Court climate fights come to a head today

By Pamela King, E&E News  •    •  Posted February 27, 2022

Fifteen years after it issued its landmark ruling in Massachusetts v. EPA, the Supreme Court is about to get another chance to define the contours of federal climate regulation. On Monday, the justices will hear arguments in West Virginia v. EPA, a novel case that asks whether the government can — in theory, since no such rule currently exists — broadly regulate carbon emissions from existing power plants. [ read more … ]

RFS

Driving Down Carbon in Ethanol

By Chris Clayton, DTN Ag Policy Editor  •    •  Posted February 27, 2022

Nearly every discussion at the National Ethanol Conference last week involved ways to “decarbonize” ethanol from tailpipe emissions all the way back upstream to planting the corn. Countering a study out of the University of Wisconsin claiming ethanol has potentially 24% higher emissions than gasoline, the Renewable Fuels Association released a report leading into the conference by Informed Sustainability Consulting showing corn ethanol has “succeeded in reducing emission by 22% from 2005 to 2019” and can further lower its carbon footprint. [ read more … ]

Feinstein, Toomey call on EPW to take up ethanol bill

BY MATTHEW CHOI, Politico  •    •  Posted February 27, 2022

Bipartisan Sens. Dianne Feinstein (D-Calif.) and Pat Toomey(R-Pa.) pressed the leadership of the Environment and Public Works Committee on Thursday to consider legislation, S. 2385, to end the corn ethanol mandate in the Renewable Fuel Standard. They write that the mandate was originally included in the program to reduce emissions, support farmers, and cut U.S. dependence on energy imports, but “numerous studies … continue to show that requiring ethanol blending is counterproductive to achieving those goals.” [ read more … ]

Markets

U.S. Corn Acres Set to Top Forecasts Despite Farm-Cost Surge

By Tarso Veloso Ribeiro, Bloomberg  •    •  Posted February 27, 2022

The outlook for combined corn, soy and wheat acres, if realized, would be slightly more than last year and the highest since 2014. Farmers’ planting plans are in focus because bigger crops could help to cool soaring grain prices, and potentially ease escalating food inflation worldwide. That concern is especially acute now with the uncertainty over how Russia’s attack on Ukraine will impact agriculture markets.  [ read more … ]

Chevron in Talks for $3 Billion Renewable Energy Group Deal

By ByLiana Baker and Kiel Porter, Bloomberg  •    •  Posted February 27, 2022

The deal would give a significant boost to Chevron’s push into renewable fuels, demand for which is expected to grow in the coming years as businesses and governments move away from oil and gas to cut carbon emissions. Chevron said last year that it expects to invest $10 billion through 2028 on low-carbon technologies.  Based in Ames, Iowa, Renewable Energy describes itself as North America’s largest producer of advanced biofuels. Led by Chief Executive Officer Cynthia “CJ” Warner, it turns feedstock into fuel at more than a dozen locations in the U.S. and Germany, according to its most recent annual report. [ read more … ]

U.S. agriculture braces for fallout from crisis in Ukraine

By Marc Heller, E&E News  •    •  Posted February 27, 2022

The conflict in Ukraine threatens to upend agricultural trade in the region, possibly putting new demands on the U.S. to produce crops like wheat for allies in Europe. While U.S. farmers might see additional markets there, rising costs for commodities could affect everyone from farmers who buy grain for feed to U.S. consumers who could end up paying more in the supermarket. Vilsack said at an Agriculture Department conference yesterday that it’s too early to speculate on the effect of sanctions but that he hopes no companies take the crisis “as an excuse to do something not necessarily supported by supply and demand.” [ read more … ]

Ethanol Sales Soar in Brazil, and Russia’s Ukraine Attack May Further Trend

By Tatiana Freitas, Bloomberg  •    •  Posted February 27, 2022

Ethanol sales are soaring in Brazil as drivers turn to biofuel, a trend that may be strengthened by Russia’s invasion of Ukraine as the conflict is likely to drive gasoline prices higher.  Hydrous ethanol sales by mills in the Center-South region of Brazil rose 22% in the first half of February compared with the same period a month earlier, according to figures from an industry group released Thursday. That’s up significantly from January, when sales were at a 2017 low.
[ read more … ]

Biden Administration

Supreme Court case could snarl Biden climate agenda

By Lesley Clark, Niina H. Farah, E&E News  •    •  Posted February 27, 2022

The Supreme Court will hear arguments this morning in a case that could significantly undermine President Biden’s climate agenda. Biden has pledged to cut U.S. emissions in half by 2030 — a considerable amount of which would have to come from power plants — but a coalition of red states and coal industry interests has convinced the justices to consider limiting EPA’s authority under the Clean Air Act to regulate carbon emissions from the power sector. [ read more … ]

Could Russian sanctions hobble U.S. clean energy push?

By Jael Holzman, E&E News  •    •  Posted February 27, 2022

Some observers are arguing that Russia’s invasion of Ukraine underscores a national security rationale for weaning off of fossil fuels, perhaps particularly for European countries that look east for a large share of their natural gas. But experts caution that a shift away from fossil fuels carries its own strategic implications, given Russia’s standing as a major metal miner, which could complicate broad sanctions as the country continues its assault on a U.S. ally. [ read more … ]

Carbon Capture

Exxon to Build $400 Million Wyoming Carbon-Capture Project After Delay

By Kevin Crowley, Bloomberg  •    •  Posted February 27, 2022

Exxon delayed the project when the pandemic hit in 2020, meaning start-up will be about two years behind the previously proposed timeline. The oil giant is feeling the heat from investors to do more to reduce its carbon footprint after losing a quarter of its board to an activist campaign run by Engine No. 1 last year.  The project will capture as much as 1.2 million metric tons of carbon dioxide a year, an increase of around 20% over current levels, the Irving, Texas-based company said in a statement. 

[ read more … ]

 

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