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Governors' Biofuels Coalition
NEWS UPDATE June 8, 2022

Top Story

Automakers back U.S. restoring California emissions authority

By David Shepardson, Reuters  •    •  Posted June 8, 2022

Five automakers including Ford Motor Co, Volkswagen AG and Honda Motor Co on Tuesday backed efforts by President Joe Biden’s administration to restore California’s ability to set its own strict tailpipe and zero-emission vehicle standards. Joined by BMW AG and Volvo Cars, the automakers in a court filing backed the U.S. Environmental Protection Agency’s (EPA) decision to restore the authority that was withdrawn under former President Donald Trump. [ read more … ]

RFS

EPA makes major moves in biofuels policy, setting precedent for 2023 ‘set’

By Inside EPA  •    •  Posted June 8, 2022

After months of delay, EPA has made a series of major decisions charting the future course of its biofuels policy under the renewable fuel standard (RFS), which aim to return blending levels to pre-pandemic levels this year, where the 2022 volumes will set a benchmark for 2023 and beyond, when EPA must “set” volumes on its own authority. [ read more … ]

EPA clears use of RFS ‘biointermediates’ but resists call to ease limits

By Inside EPA  •    •  Posted June 8, 2022

The regulation released June 3 contains an authorization of RFS compliance credits, known as renewable identification numbers (RINs), for finished renewable fuel made using biointermediates, which are fuels partially processed at one facility then sent for finishing at another. While industry has long sought the ability to earn RINs for fuels made in this way, producers of advanced biofuels pressed EPA to relax some of its proposed restrictions on the use of biointermediates. [ read more … ]

EPA set to publish RFS waiver decisions

By Inside EPA  •    •  Posted June 8, 2022

EPA is poised to publish its decision denying 69 petitions from small refiners for exemptions from the renewable fuel standard (RFS) biofuel blending mandates, alongside an alternative compliance mechanism for refiners that recently saw their previously approved waivers retroactively denied by the agency. [ read more … ]

States

More Than 22 Million in Southwest Brace for Dangerous Heat

By Derrick Bryson Taylor, New York Times  •    •  Posted June 8, 2022

Dangerous and potentially deadly heat will settle over the Southwestern United States for the next several days, with temperatures in some locations expected to break records and exceed 110 degrees. More than 22 million people in California, Nevada and Arizona are under some sort of heat-related alert through at least part of the weekend, the National Weather Service said. A heat wave is defined as a period of abnormally and uncomfortably hot and unusually humid weather that lasts for two or more days. [ read more … ]

Markets

High energy prices fuel investor interest in Brazil’s idle biofuel capacity

By Marcelo Teixeira, Reuters  •    •  Posted June 8, 2022

High ethanol and sugar prices have investors looking into merger deals in Brazil, where a lot of idle biofuel capacity could be put to work to help boost tight global fuel and food supplies. “Brazil is the Saudi Arabia of sugarcane, there is inexpensive unused capacity. That is the investor dream,” said Craig Tashjian, managing partner at U.S. investment fund Amerra, which has been expanding into Brazil’s sugarcane and corn-ethanol sector. “I’m very positive about the investment opportunity there.” [ read more … ]

EIA expects continued high energy prices through 2023

By EIA  •    •  Posted June 8, 2022

The U.S. Energy Information Administration (EIA) forecasts that a variety of U.S. energy prices will remain historically high through 2023, including oil, natural gas, coal, and electricity, according to EIA’s June 2022 Short-Term Energy Outlook (STEO). “We continue to see historically high energy prices as a result of the economic recovery and the repercussions of Russia’s full-scale invasion of Ukraine,” said EIA Administrator Joe DeCarolis. “Although we expect the current upward pressure on energy prices to lessen, high energy prices will likely remain prevalent in the United States this year and next.” [ read more … ]

Congress

Dems bullish on climate deal as they await Manchin, Schumer

By Nick Sobczyk, George Cahlink, E&E News  •    •  Posted June 8, 2022

Democrats are increasingly optimistic about the prospects of a revived reconciliation package, with negotiations almost entirely consolidated between Sen. Joe Manchin and Senate Majority Leader Chuck Schumer. The pair have been meeting privately in recent weeks, and Senate Democrats have essentially given them total control over negotiations on a revamped climate and social spending bill, lawmakers told E&E News.
[ read more … ]

Carbon Capture

Poet Joins Navigator Carbon Pipeline

By Chris Clayton, DTN Ag Policy Editor  •    •  Posted June 8, 2022

For ethanol plants, the ability to ship carbon through a pipeline and sink it in the ground opens up the potential to sell ethanol at a higher value, especially in states that have low-carbon fuel standards such as California and Washington State. Carbon pipelines also are eligible for a federal tax credit known as Q45 that would pay $50 a ton for captured carbon that is permanently stored.
While touted as a benefit to farmers because of low-carbon fuels, carbon pipelines also have sparked landowner opposition in the states as well. In Iowa, Nebraska and South Dakota, there are questions over whether carbon pipelines have the right of eminent domain. Each state also has a different process for pipeline permits and public hearings on those projects. [ read more … ]

EVs

Senator hits back after supposed electric car ‘boasts’ amid record gas prices: ‘Stop helping oil companies’

By Ethan Freed, The Independent  •    •  Posted June 8, 2022

Michigan Senator says her electric car made gas prices irrelevant to recent trip. Democratic Senator Debbie Stabenow’s office has defended her remarks on how driving an electric vehicle (EV) had made gas prices irrelevant – and sparked much hysteria among conservative commentators. The Michigan senator spoke on Tuesday about how driving from her home state to Washington DC in her EV meant that she hadn’t needed to consider the current high price of gas. [ read more … ]

Ford’s Electric F-150 Comes With Adapter to Charge Stalled Teslas

By Craig Trudell, Bloomberg  •    •  Posted June 8, 2022

Ford Motor Co.’s electric F-150 Lightning pickups are poised to come to the rescue of any Tesla drivers in need of a jolt. Initial owners of the model that beat the Cybertruck to market have shared images online of an adapter that came with their pickup enabling them to charge Teslas, which use plugs distinct from the rest of the auto industry. [ read more … ]

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