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Governors' Biofuels Coalition
NEWS UPDATE October 18, 2022

Top Story

Biden’s ‘Made in America’ Policies Anger Key Allies

By Alan Rappeport, Ana Swanson and Zolan Kanno-Youngs, New York Times  •    •  Posted October 18, 2022

The crux of the international fight centers on more than $50 billion in tax credits to entice Americans to buy electric vehicles. The law restricts the credit to vehicles that are assembled in North America. It also has strict requirements surrounding the components that go into powering electric vehicles, including batteries and the critical minerals that are used to make them. That is creating new incentives for battery makers to build recycling and production facilities in the United States. [ read more … ]

RFS

Court vacates EPA rejection of small refinery exemptions for Suncor plant

BY: KELSEY TAMBORRINO, Politico  •    •  Posted October 18, 2022

The U.S. Court of Appeals for the 10th Circuit vacated EPA’s decision to reject a request by Suncor Energy to exempt two of its Colorado refineries from biofuel blending requirements and ordered the agency to reconsider the issue. The ruling overturning the EPA decision centers around how the agency defines a small refinery that could be eligible for a exemption from the Renewable Fuel Standard, which requires companies to blend renewable fuels into the nation’s fuel supply. [ read more … ]

E15

Growth Energy Study Shows National Year-Round E15 Sales Would Save Drivers More Than $20B Annually

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

As the EPA considers requests by nine states to allow E15 sales year-round in those states, a new study commissioned by Growth Energy found that allowing year-round E15 to be sold nationally would save drivers more than $20 billion annually in fuel costs. The study conducted by ABF Economics also found such sales would create new jobs and contribute billions of dollars to the U.S. economy. [ read more … ]

Biden Administration

The surprising new climate agency

By Robin Bravender, E&E News  •    •  Posted October 18, 2022

The IRS is a climate agency now. The massive climate and energy law enacted by Democrats in August puts the IRS at the forefront of the effort to incentivize renewable energy across the economy. Of the nearly $370 billion of climate spending in the new law, about $270 billion will be delivered through tax incentives for electric vehicles, energy-efficient buildings, solar power and other “clean” energy technologies. [ read more … ]

Climate

Clean Energy Has a Tipping Point, and 87 Countries Have Reached It

By Tom Randall, Bloomberg  •    •  Posted October 18, 2022

Today there’s a new Edison-level transformation under way. It affects how we generate the power that flows to our electrical outlets—and what gets plugged into those zero-emission electrons. Bloomberg Green has identified tipping points for 10 clean-energy technologies, from electric motorcycles to heat pumps and rooftop solar panels. New analysis shows which countries have crossed the threshold and how quickly those markets then expanded. It all starts with the transition to clean energy, now approaching full speed with 87 countries drawing at least 5% of their electricity from wind and solar. The US hit 5% in 2011 and surged past 20% renewable electricity last year. If the country follows the trend set by others at the leading edge, wind and solar will account for half of US power-generating capacity just 10 years from now. That would be years—or even decades—earlier than major forecasts. [ read more … ]

SCOTUS

Big Oil makes new bid for Supreme Court climate showdown

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

Lawyers for the oil and gas industry are asking the Supreme Court for help in a second climate liability lawsuit, arguing that without the justices’ intervention, U.S. energy policy “may be decided by juries in state courts.” Attorneys for Chevron Corp., BP PLC and Exxon Mobil Corp. on Friday petitioned the justices to overturn a lower court decision that delivered a procedural victory to the city of Baltimore, which is suing the companies to pay potentially hundreds of billions of dollars for spewing emissions that have led to flooding, erosion and other climate impacts. [ read more … ]

Markets

U.S. could sell oil from emergency reserve this week – sources

By Jarrett Renshaw, Timothy Gardner, Laura Sanicola and Andrea Shalal, Reuters  •    •  Posted October 18, 2022

The Biden administration plans to sell oil from the Strategic Petroleum Reserve in a bid to dampen fuel prices before next month’s congressional elections, three sources familiar with the matter said on Monday. President Joe Biden’s announcement is expected this week as part of the response to Russia’s war on Ukraine, one of the sources said. [ read more … ]

BP Bets Big on Biofuel

By Rochelle Toplens, Wall Street Journal  •    •  Posted October 18, 2022

BP’s  $4.1 billion biofuel deal makes strategic sense, but it comes at a SPAC-tacular price.  The British oil-and-gas giant is buying Archaea Energy, a leading U.S. producer of so-called renewable natural gas, a greener version of the fuel because it is recovered from waste rather than pumped out of the ground. The acquisition adds to BP’s new-energy business and there could be synergies in the two companies’ complementary skills—energy trading in BP’s case and gas production in Archaea’s. [ read more … ]

95% of the fuel ethanol moved in the United States in the first half of 2022 moved by rail

By Estella Shi, Jimmy Troderman, EIA  •    •  Posted October 18, 2022

Fuel ethanol, a biofuel most commonly mixed with finished motor gasoline, is second only to coal as the most-transported fuel by rail. According to our Petroleum Supply Monthly, 95% of all U.S. fuel ethanol deliveries between regions in the first half of 2022 were by rail. The majority of the U.S. capacity to produce fuel ethanol (94%) is in the Midwest; however, most fuel ethanol is consumed in other regions. [ read more … ]

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