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Governors' Biofuels Coalition
NEWS UPDATE December 21, 2022

Top Story

High Commodity Prices Feed a Boom in the U.S. Farm Belt

By Jesse Newman and Jacob Bunge, Wall Street Journal  •    •  Posted December 21, 2022

High prices for crops and livestock are fueling a boom in the U.S. Farm Belt, making farmers, ranchers and agricultural companies rare winners as the broader American economy softens. U.S. net farm income is expected to surge to $160.5 billion this year, boosted by increased prices for farm goods ranging from wheat to milk, according to a key U.S. Department of Agriculture forecast in December. If realized, farm income would reach the highest level since 1973 in inflation-adjusted dollars, marking a sharp recovery from an agricultural recession that battered farmers and their suppliers during the past decade. [ read more … ]

RFS

EPA responds to GAO report on RIN prices, small refineries

By By Erin Voegele, Ethanol Producer Magazine  •    •  Posted December 21, 2022

The U.S. EPA on Dec. 20 released a final analysis on the price of renewable identification numbers (RINs) and small refineries in response to a recommendation included in a recent U.S. Government Accountability Office report. The final analysis confirms the EPA’s conclusion that small refineries recover their Renewable Fuel Standard compliance costs in the price of gasoline and diesel that they sell. [ read more … ]

Carbon Capture

How the $1.7T omnibus affects energy, from CCS to hydrogen

By Carlos Anchondo, Miranda Willson, David Iaconangelo, Niina H. Farah , E&E News  •    •  Posted December 21, 2022

The omnibus would provide $140 million for research, development and demonstration of carbon dioxide removal technologies across multiple offices — with DOE’s fossil office set to receive “not less than” half of that funding, according to the report from Senate appropriators. Additionally, the bill calls for the creation of a pilot procurement program for the purchase of CO2 that’s been removed from either the atmosphere or the upper hydrosphere. “Procurement of carbon removal services would be something that the government has never done before, but they are the biggest purchaser of goods and services in the world, so they have the capacity to contribute to a vision like that [ read more … ]

Congress

Congress lines up PFAS help for farmers

By Marc Heller, E&E News  •    •  Posted December 21, 2022

The $1.7 trillion spending bill up for consideration in Congress this week would offer some relief to farmers whose land, crops and animals have been contaminated with “forever” chemicals.
House and Senate appropriators agreed to devote $5 million to help farms test for per- and polyfluoroalkyl substances, or PFAS, which is present in many products and has found a way onto farms through the sludge some producers spread as fertilizer. Lawmakers are trying to pass the bill this week, providing funds across all federal agencies for the fiscal year that started Oct. 1. [ read more … ]

EVs

Auto execs are losing faith in electric cars

By Alexa St. John, Forbes  •    •  Posted December 21, 2022

Auto executives aren’t as confident in electric car adoption as they once were — but they’re largely blaming their concerns on all sorts of market dynamics and supply chain snafus, rather than consumers. In a survey of more than 900 auto industry execs, KPMG found that respondents think only 37% of new vehicle sales in the US will be electric by 2030.   That’s a dramatic drop from this time in 2021, when surveyed executives expected 62% of car sales in the US would be EVs by 2030. [ read more … ]

US Postal Service Delivery Trucks Are Going Electric

By Ari Natter, Bloomberg  •    •  Posted December 21, 2022

The US Postal Service will spend nearly $10 billion for new electric vehicles in a push to make its mail delivery fleet more environmentally friendly.  The agency will purchase 66,000 electric vehicles for its mail delivery fleet by 2028, according to a statement Tuesday. That represents about a quarter of USPS’s current level, and the postal service will continue exploring the potential to make its entire fleet electric.  [ read more … ]

Postal Service rolls out big plan to electrify its fleet

By Robin Bravender, Andres Picon, E&E News  •    •  Posted December 21, 2022

The U.S. Postal Service announced plans Tuesday to ramp up its electric mail-delivery fleet, marking an apparent end to its dispute with the Biden administration. USPS plans to deploy more than 66,000 electric vehicles by 2028, which would make it one of the nation’s largest electric fleets. To upgrade its iconic mail delivery trucks, the service plans to spend $9.6 billion, including $3 billion that was included in the massive climate law, the Inflation Reduction Act. [ read more … ]

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