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Governors' Biofuels Coalition
NEWS UPDATE November 9, 2022

Today’s Biofuels News will published tomorrow, November 11, in observance of Veterans Day. It resumes on Monday, November 14.

Top Story

‘A Reason to Act Faster’: World Leaders Meet on Climate Amid Other Crises

By Somini Sengupta, New York Times  •    •  Posted November 9, 2022

“We are on a highway to climate hell with our foot on the accelerator,” the United Nations Secretary General, Antonio Guterres, told the gathering of more than 100 princes, presidents, and prime ministers Monday at the summit, the 27th session of the Conference of the Parties to the United Nations climate convention, known as COP27. Scattered amid the sprawling conference center were several pavilions dedicated to the promotion of oil and gas. Saudi Arabia had paid for an exceptionally large space to describe itself as an energy hub. OPEC had a space showing off what it called its international development fund. Mauritania boasted of its natural gas reserves. [ read more … ]

Carbon Capture

Would CO2 pipelines be ‘life or death’ for Iowa’s ethanol industry?

By Erin Jordan, The Gazette  •    •  Posted November 9, 2022

The leader of Iowa Renewable Fuels Association says whether carbon dioxide pipelines are approved in the state will be the difference between “life or death” for Iowa’s ethanol industry. [ read more … ]

Politics

Midterm nail-biter clouds Biden’s clean energy plans

By Jason Plautz, Miranda Willson, E&E News  •    •  Posted November 9, 2022

Tuesday’s midterm elections marked the start of a new chapter for President Joe Biden and his clean energy agenda. But just what that chapter looks like is up in the air. Numerous House races had not been called by early Wednesday morning, leaving control of the chamber uncertain. The Senate’s makeup also remained unclear, with key races in Arizona, Georgia, Nevada and Wisconsin set to determine majority control. [ read more … ]

What’s next for climate politics? 7 results offer clues.

By Adam Aton, Scott Waldman, E&E News  •    •  Posted November 9, 2022

At the powerful Energy and Commerce Committee, top Republican Rep. Cathy McMorris Rodgers of Washington has vowed to probe the Energy Department’s loans and spending, calling it “Solyndra on steroids.” She also said she would investigate how Biden “shut down American energy.” The same is expected from the House Natural Resources Committee, where top Republican Rep. Bruce Westerman of Arkansas has previewed wide-ranging inquiries into the Interior Department, NOAA, the Forest Service and the White House’s Council on Environmental Quality. Citing this year’s Supreme Court decision curtailing executive authority, West Virginia v. EPA, Westerman has warned Cabinet officials that Republicans would closely scrutinize Biden’s climate regulations. [ read more … ]

Pollution

Oil and gas greenhouse emissions ‘three times higher’ than producers claim

By Fiona Harvey, The Guardian  •    •  Posted November 9, 2022

Greenhouse gas emissions from oil and gas facilities around the world are about three times higher than their producers claim, new data has shown. Climate Trace, a project to measure at source the true levels of carbon dioxide and other global heating gases, published a new report on Wednesday showing that half of the 50 largest sources of greenhouse gases in the world were oil and gas fields and production facilities. Many are underreporting their emissions, and there are few means of calling them to account. [ read more … ]

Markets

November Rail Strike Averted, BMWED Union Date Extended to December

By Mary Kennedy, Progressive Farmer  •    •  Posted November 9, 2022

A possible rail strike deadline brewing for 12:01 a.m. Nov. 20 has been extended into early December, meaning there will not be a rail strike in November. After voting no to the tentative rail contract agreement (TA), the status quo period of business as usual for the Brotherhood of Maintenance of Way Employes Division (BMWED) would have expired on Nov. 19, setting in motion the possibility of a rail strike. The Brotherhood of Railroad Signalmen (BRS) announced their members had also rejected the TA, with their status quo ending date on Dec. 4. [ read more … ]

EVs

Democrats Supercharged EV Investment While They Had the Chance

By Gabrielle Coppola, Bloomberg  •    •  Posted November 9, 2022

It looks increasingly likely that Democrats’ days controlling both chambers of Congress are numbered. While President Joe Biden and his party have been in charge, they’ve managed to fundamentally alter the auto industry playing field in ways Republicans are unlikely to drastically change. Much of the focus on the Inflation Reduction Act (IRA) that Biden signed into law in mid-August has been on how it adjusts tax credits for electric-vehicle purchases, whether these new provisions are too stringent for manufacturers to meet, and if they unfairly discriminate against manufacturers based in ally countries including South Korea and Japan. [ read more … ]

U.S. allies plead with Biden to relax new EV rules

By David Ferris, E&E News  •    •  Posted November 9, 2022

Asian and European automakers who make up a huge slice of America’s automotive economy see flaws in how the U.S. designed its subsidies for electric vehicles and say alliances could devolve into trade wars if they aren’t fixed. South Korea, Japan, the European Union and their automakers are expressing worry that provisions in the Inflation Reduction Act designed to build America’s EV-production base might have gone too far. The provisions create an unrealistic road map that could wind up dampening Americans’ desire to buy EVs, they say. [ read more … ]

Battery development to slow for 3 years, despite massive boost from Inflation Reduction Act, analyst says

By Stephen Singer, Utility Div  •    •  Posted November 9, 2022

The law signed by President Joe Biden in August targets federal funding of $369 billion, primarily as tax credits for clean energy projects and is expected to draw private capital and boost domestic manufacturing. How much money will ultimately be available to spur and subsidize battery storage project development is not known because tax credits will be claimed by businesses and individuals in the coming years. Federal spending is “likely double the headline figure” in the IRA, according to an analysis by Credit Suisse. And with subsidized financing and a multiplier impact from federal grants and loans, public and private financing of U.S. clean energy could reach about $1.7 trillion over 10 years, according to the analysis. [ read more … ]

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