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Governors' Biofuels Coalition
NEWS UPDATE August 18, 2022

Top Story

State climate action could be supercharged by the Inflation Reduction Act

By Maxine Joselow, Washington Post  •    •  Posted August 18, 2022

The landmark legislation, which President Biden signed into law on Tuesday, also contains a slew of smaller but significant investments in climate action at the state level. These lesser-noticed provisions could supercharge efforts to slash emissions and bolster clean energy across all 50 states, according to climate-conscious governors and advocates. “These are perhaps the smallest and most exciting investments,” Washington Gov. Jay Inslee (D), who mounted a climate-centric presidential campaign in 2020, told The Climate 202.  “When the tale is told, I think these will be shown as the most effective provisions,” Inslee said. “These are not eye-popping numbers, but I think they will be eye-popping results.”
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Inflation Reduction Act

Inflation Reduction Act passage “game changer” for biofuels

By Will Robinson, Brownfield  •    •  Posted August 18, 2022

“That could be taking ethanol and refining it in a different way to make sustainable aviation fuel, it could be soybean oil that turns into that,” he said. “There are credits here, and we’re talking anywhere from like $1.50 to $1.75 based on their carbon intensity score.” He tells Brownfield there’s been quick Congressional action to support SAFs since discussions picked up last fall [ read more … ]

Ethanol could get boost from carbon capture credits in Biden climate law

By Leah Douglas, Reuters  •    •  Posted August 18, 2022

A major expansion in tax credits for companies that capture and store carbon emissions under U.S. President Joe Biden’s new climate law could be a boon to the ethanol industry as it seeks to meet its mid-century climate goals. The Inflation Reduction Act (IRA) Biden signed on Tuesday significantly expands tax credits for industrial projects that capture emissions of carbon dioxide, the main gas blamed for climate change, and either store it underground or use it as a building block for other products. [ read more … ]

Higher Ethanol Blends

LCFC urges CARB to recognize climate smart ag in LCFS rulemaking

By Erin Voegele, Ethanol Producer Magazine  •    •  Posted August 18, 2022

The Low Carbon Fuels Coalition on Aug. 7 sent a letter to the California Air Resources Board urging the agency to recognize farming practices and other methods of climate smart agriculture (CSA) in its upcoming Low Carbon Fuel Standard rulemaking. “Specifically, we are encouraging CARB to recognize CSA within the next iteration of the CA-GREET model that underlies the LCFS program,” the group wrote in the letter. [ read more … ]

Climate

A New Round of Colorado River Cuts Is Announced

By Henry Fountain, New York Times  •    •  Posted August 18, 2022

With water levels in the Colorado River near their lowest point ever, Arizona and Nevada on Tuesday faced new restrictions on the amount of water they can pump out of the river, the most important in the Southwest. And the threat of more cuts looms. This week, those two states along with five others failed to meet a deadline for agreement on much steeper cuts in water use, raising the prospect that the federal government will step in and mandate further reductions. [ read more … ]

Red states decry ‘woke left’ SEC proposal for ESG investing

By Lesley Clark, E&E News  •    •  Posted August 18, 2022

West Virginia Attorney General Patrick Morrisey has signaled that he plans to take a page from his recent Supreme Court climate win to challenge the Securities and Exchange Commission’s proposed rule for funds that are marketed as socially and environmentally responsible. In formal comments filed yesterday with the SEC, 21 Republican state legal officers led by Morrisey argued that the agency is trying to transform itself from the federal overseer of securities “into the regulator of broader social ills.” [ read more … ]

Markets

Scientists Boost Crop Performance by Engineering a Better Leaf

By Raymond Zhong and Clare Toeniskoetter, New York Times  •    •  Posted August 18, 2022

For decades, scientists have pursued a tantalizing possibility for bolstering food supplies and easing hunger for the world’s poorest: improving photosynthesis, the biological process in plants that sustains nearly all life on Earth. Now, researchers say that by using genetic modifications to increase the efficiency of photosynthesis, they significantly increased yields in a food crop, soybeans, providing a glimmer of potential that such methods could someday put more food on tables as climate change and other threats make it harder for vulnerable populations across the globe to feed their families. [ read more … ]

Andersons Fined $1.7M on CAA Violations

By Todd Neeley, Progressive Farmer  •    •  Posted August 18, 2022

Ethanol producer Andersons Marathon will pay a record $1.7 million in penalties for numerous Clean Air Act violations at its four ethanol plants in Iowa, Indiana, Michigan and Ohio, as part of a settlement with the EPA announced on Wednesday. According to the settlement and consent decree filed with EPA on Tuesday, the company exceeded “applicable threshold quantities” of several toxic chemicals including ammonia, acetaldehyde, acrolein, formic acid, methanol, benzene, ethylbenzene, n-Hexane, toluene and formaldehyde, at the four plants from 2015 to 2019. [ read more … ]

EVs

Why Buying an Electric Car Just Became More Complicated

By Jim Tankersley, New York Times  •    •  Posted August 18, 2022

If you’re a well-paid lawyer eyeing an electric Rivian sport-utility vehicle, you might want to buy it before New Year’s Day. If you’re a middle-class nurse saving up for a compact Chevrolet Bolt, you might want to wait until January. Those calculations — and a host of others pertaining to the red-hot electric vehicle market — come courtesy of an energy, tax and health care law that President Biden signed on Tuesday. It includes more than $370 billion in spending and tax incentives meant to address climate change, largely by encouraging people, businesses and electric utilities to reduce their use of fossil fuels. One incentive is the extension of a tax credit for the purchase of electric cars and trucks that can be worth up to $7,500. But that extension is complicated.
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Climate bill, state mandates jump-start EVs’ future

By ANNE C. MULKERN, E&E News  •    •  Posted August 18, 2022

The future for electric vehicles looks as shiny as a showroom car, with federal and state actions signaling transformation ahead. But widespread adoption will take decades — too late to achieve President Joe Biden’s 2030 climate goal. [ read more … ]

 

 

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