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Governors' Biofuels Coalition
NEWS UPDATE August 10, 2022

Top Story

Scientists from across the nation helping Nebraska researchers focus on failed ethanol plant

By Norfolk Daily News  •    •  Posted August 10, 2022

Nebraskans should feel fortunate — in most ways — that scientists from across the nation who are associated with the U.S. Geological Survey have joined the expanding research effort at a failed ethanol plant. The facility in question is the former AltEn plant at Mead that was forced to close by the Nebraska Department of Environment and Energy last year following mounting violations of state environmental regulations. [ read more … ]

RFS

EPA Seeks Comments on Additional Candidates Added to Peer Reviewer Pool for Biofuels and the Environment Report to Congress

By National Law Review  •    •  Posted August 10, 2022

EPA seeks public comment on additional peer review candidates to strengthen underrepresented areas of expertise, specifically economics, water quality, and ecology disciplines. According to EPA, ERG will ensure the peer reviewers’ combined expertise best spans the following disciplines: economics, engineering, agronomics, land use change, remote sensing, air quality, biogeochemistry, water quality, hydrology, conservation biology, limnology, and ecology. Comments are due August 16, 2022. [ read more … ]

Inflation Reduction Act

Conceding to Manchin, U.S. climate bill exempts most oil industry from methane fees

By Nichola Groom, Reuters  •    •  Posted August 10, 2022

The U.S. Senate climate bill’s fee on oil and gas industry methane emissions will cover less than half the sector’s releases of the powerful greenhouse gas, thanks to concessions made to win over party holdout Joe Manchin, according to a review of the legislation and interviews with lawmakers that negotiated it. The reduced scope of the fee is among numerous changes made by Senate Democratic leadership to secure a deal on the hard-won Inflation Reduction Act, which is being hailed as the biggest climate package in U.S. history but which pales in comparison to President Joe Biden’s initial vision for legislative action on global warming. [ read more … ]

Markets

Cargill fiscal 2022 revenue jumps 23% to record $165 billion

by Karl Plume, Reuters  •    •  Posted August 10, 2022

Global commodities trader Cargill Inc on Tuesday reported that its fiscal year 2022 revenue jumped 23% from a year earlier to a record $165 billion. The strong result was the latest for a global agricultural commodities trader after rivals Archer-Daniels-Midland Co and Bunge Ltd reported solid earnings last month amid high farm products prices and robust global demand. Both rival companies also projected strong earnings through the remainder of 2022.
[ read more … ]

EIA maintains forecasts for 2022, 2023 ethanol production

By Erin Voegele, Ethanol Producer Magazine  •    •  Posted August 10, 2022

The U.S. Energy Information Administration maintained its forecasts for 2022 and 2023 fuel ethanol production in its latest Short-Term Energy Outlook, released Aug. 9. The agency also maintained its forecast for 2022 and 2023 ethanol consumption. The EIA currently predicts U.S. fuel ethanol production will average 1.02 million barrels per day this year, falling to 1 million barrels per day next year. Production averaged 980,000 barrels per day in 2021. [ read more … ]

Litigation

Opioid ruling boosts Big Oil defense in Hawaii climate case

By Lesley Clark, E&E News  •    •  Posted August 10, 2022

A landmark federal court ruling that rejected efforts to force three opioid distributors to pay up for the addiction crisis is already being cited by oil and gas companies in at least one lawsuit from local governments seeking compensation for erosion, wildfires and other effects of a warming planet. In a Hawaii state court filing late last month asking to dismiss Maui County’s climate-related claims against Sunoco LP and other companies, lawyers for the fossil fuel industry cited the July 5 West Virginia opioid ruling to argue that the climate liability case doesn’t properly raise a nuisance claim. [ read more … ]

EVs

Ford to use renewable energy sources to make vehicles in Michigan

By Aishwarya Nair, Reuters  •    •  Posted August 10, 2022

Ford Motor Co said on Wednesday every vehicle it manufactures in Michigan would be assembled using solar and other renewable energy sources by 2025, as the automaker aims to lower its emissions. Michigan-based Ford has signed a renewable energy purchase pact with local provider DTE Energy, under which the utility firm will add 650 megawatts of new solar energy in the state for the carmaker. [ read more … ]

Burning cash, commercial EV startups race to deliver vehicles

By Ben Klayman, Reuters  •    •  Posted August 10, 2022

A handful of commercial electric vehicle startups are burning through cash fast, racing to bring vans or trucks to market before the funds run out or customers choose to buy from legacy automakers like Ford Motor Co or General Motors Co (GM.N). Boosted by investor hunger to create the next Tesla Inc, a clutch of commercial EV makers on both sides of the Atlantic have gone public via reverse mergers with special-purpose acquisition companies, raising hundreds of millions of dollars as they sought to emulate Elon Musk’s success. These include Arrival Inc , Canoo Inc , Lordstown Motors Corp , Electric Last Mile Solutions Inc and REE Automotive Holding Inc. [ read more … ]

Biden wants minerals, but mine permitting lags

By Jael Holzman, Hannah Northey, E&E  •    •  Posted August 10, 2022

Even as President Joe Biden calls for creating a U.S. supply chain to source metals necessary for the energy transition, his administration is approving few new mines on federal land. The Biden presidency has been bad news for some expansive, high-profile mine projects in the United States, sidelining or stopping proposals like the Pebble mine near a prime salmon fishery in Alaska, the Twin Metals mine near the Boundary Waters wilderness in Minnesota and a titanium mine close to the Okefenokee Swamp in Georgia [ read more … ]

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