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Governors' Biofuels Coalition
NEWS UPDATE December 1, 2022

Top Story

U.S. EPA proposes revamp of biofuel program to include electric vehicles

By Stephanie Kelly and Jarrett Renshaw, Reuters  •    •  Posted December 1, 2022

The Biden administration on Thursday unveiled a three-year proposal to expand the U.S. biofuels policy with bigger volume mandates and – for the first time – include a pathway for electric vehicle manufacturers to generate lucrative credits. The proposal reflects President Joe Biden’s agenda to fight climate change by reducing fossil fuel use in America’s transport sector, currently the source of around a quarter of the country’s greenhouse gases. Under the plan, announced by the Environmental Protection Agency, oil refiners will be required to add 20.82 billion gallons of biofuels to their fuel in 2023, 21.87 billion gallons in 2024, and 22.68 billion gallons in 2025. [ read more … ]

RFS

EPA’s RFS Proposal Bullish on Biofuels

By Todd Neeley, Progressive Farmer  •    •  Posted December 1, 2022

EPA proposes growing the total volume of biofuels blended with petroleum products by more than 2 billion gallons between 2023 and 2025, according to a multi-year Renewable Fuel Standard volumes proposal released on Thursday. For the first time in the history of the RFS, the agency proposes establishing RFS credits for electric vehicles. EPA’s proposal includes a slight bump up in corn-based ethanol production and biodiesel by 2025. [ read more … ]

U.S. EPA to propose boost in biofuel blending volumes, EV program -sources

By y Stephanie Kelly in New York and Jarrett Renshaw in Philadelphia, Reuters  •    •  Posted December 1, 2022

The U.S. Environmental Protection Agency will propose increases in the amount of ethanol and other biofuels that oil refiners must blend into their fuel over the next three years, two sources familiar with the matter said. The EPA will also seek for the first time to make the use of biofuels to charge electric vehicles part of the renewable fuel program, giving car makers like Tesla Inc (TSLA.O) the ability to generate tradable credits, the sources said. The EV proposal will add up to 1.4 billion new credits by 2025, they added. [ read more … ]

E15

Fischer’s year-round 15%-plus ethanol bill has oil backing

By Aaron Sanderford, Nebraska Examiner  •    •  Posted December 1, 2022

John Hansen of the Nebraska Farmers Union called the bill “a big damn deal,” if lawmakers can get it passed. That’s more likely with sponsors from oil states like North Dakota, he said.  “It represents hopefully the resolution to a longstanding conflict between petroleum and ethanol supporters,” he said.  He and other ethanol supporters said consistent availability is key. Oil companies, distributors and transportation companies and fueling stations want to know what they can sell and when. [ read more … ]

Rail Dispute

House votes to block railroad strike; Senate outlook murky

By Nico Portuondo, Mike Lee, E&E News  •    •  Posted December 1, 2022

The House-passed resolution enforces a deal brokered by the administration that several — but not all — rail worker unions agreed to in September. Senate leaders are looking for quick passage, but concerns remain. “[Senate Minority] Leader [Mitch] McConnell [R-Ky.] and I both want it to pass quickly,” Senate Majority Leader Chuck Schumer (D-N.Y.) said Tuesday. “We understand the common deadlines, and we’ll be working together to figure out the best way to get it done quickly.” [ read more … ]

Congress

House Oversight to issue report on Big Oil investigation

By Nick Sobczyk, E&E News  •    •  Posted December 1, 2022

The House Oversight and Reform Committee will soon issue a report wrapping up its investigation of the oil industry, according to one of the lawmakers leading the probe. “We’ve wrapped it up, but there are millions of documents that now are going to be part of the public record and this report,” said Environment Subcommittee Chair Ro Khanna (D-Calif.), who spearheaded the investigation with full committee Chair Carolyn Maloney (D-N.Y.). “I think it will for the next 10 years pave the way for a lot of activism around the country.” Committee Democrats have been investigating oil companies for more than a year for allegedly misleading the public about climate change to cover the role their products play in warming the planet. [ read more … ]

Markets

U.S. gas prices plunge toward $3 a gallon as demand drops worldwide

By Evan Halper, Washington Post  •    •  Posted December 1, 2022

The cost of gasoline is falling so fast that it is beginning to put real money back in the pockets of drivers, defying earlier projections and offering an unexpected gift for the holidays. Filling up is now as cheap as it was in February, just before Russia’s invasion of Ukraine touched off a global energy crisis. AAA reported the average nationwide price of a gallon of regular Wednesday was $3.50, and gas price tracking company GasBuddy projected it could drop below $3 by Christmas. And all of that relief probably helped drive robust shopping over Thanksgiving weekend. [ read more … ]

More ethanol was blended into U.S. gasoline last summer than ever before

By Jimmy Troderman, EIA  •    •  Posted December 1, 2022

Last summer, when the price of fuel ethanol was lower than the petroleum component of gasoline, record amounts of ethanol were blended into the gasoline sold in the United States (blend rates). The summer 2022 fuel ethanol blend rate from June through August reached 10.5%, the highest blend rate calculated, based on our data going back to 2007. Most of the gasoline now sold in the United States contains some ethanol. Ethanol blending in the United States helps meet the requirements for reformulated gasoline (RFG) in the 1990 Clean Air Act and the Renewable Fuel Standard set forth in the Energy Independence and Security Act of 2007. [ read more … ]

Off Topic

Climate on trial: Montana youth take on state energy policy

By Lesley Clark, E&E News  •    •  Posted December 1, 2022

Growing up in the state that’s home to Glacier National Park, Mica participated in climate strikes at his school. He said he mailed letters to elected officials in Montana, “telling them how much climate change meant to me and hoping they would reevaluate their positions.” He got a few replies — each automated: “Thanks for your concern, we appreciate your feedback.” So when his mother told him and his sister in 2020 that Our Children’s Trust, an Oregon-based law firm, was planning to sue Montana’s government for failing to protect the environment for kids like him, he was all in. [ read more … ]

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