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Governors' Biofuels Coalition
NEWS UPDATE July 12, 2023

Top Story

The Energy Transition Is Underway. Fossil Fuel Workers Could Be Left Behind.

By Madeleine Ngo, New York Times  •    •  Posted July 12, 2023

The United States is undergoing a rapid shift away from fossil fuels as new battery factories, wind and solar projects, and other clean energy investments crop up across the country. An expansive climate law that Democrats passed last year could be even more effective than Biden administration officials had estimated at reducing fossil fuel emissions. While the transition is projected to create hundreds of thousands of clean energy jobs, it could be devastating for many workers and counties that have relied on coal, oil and gas for their economic stability. [ read more … ]

RFS

Sen. Coons co-sponsors bill aimed at helping indie refineries deal with costly RIN ethanol system

By Delaware Business Now  •    •  Posted July 12, 2023

U.S. Sens. Chris Coons, D-DE, and Bob Casey, D-PA, joined with House members in New Jersey and Pennsylvania in sponsoring legislation aimed at dealing with the system for monitoring the refining of ethanol. A coalition of independent refineries, including Delaware City refinery owner PBF Energy and union workers have pushed for a change in Renewable Identification Numbers (RINs). Indie refiners say the system could put their operations out of business. [ read more … ]

Markets

SDA Forecasts Record Corn Production

By DTN Staff  •    •  Posted July 12, 2023

USDA on Wednesday, July 12, lowered the corn yield estimate to 177.5 bushels per acre (bpa) after bumping up its acreage estimate, but the July World Agricultural Supply and Demand Estimates (WASDE) still forecasts a record corn crop at 15.32 billion bushels (bb). USDA lowered the soybean ending stocks forecast for the new-crop (2023-24) season to 300 million bushels (mb), above the range of pre-report expectations. The report accounted for the June 30 acreage estimate of 83.5 million planted acres but left yield unchanged at 52 bpa. USDA lowered export forecasts by 125 mb along with a small 10 mb reduction to crush.
[ read more … ]

Column: All analysts banking on lower US corn yield on Wednesday

By Karen Braun, Reuters  •    •  Posted July 12, 2023

After one of the driest-ever Junes in the U.S. Corn Belt, grain market participants already believe corn and soybean yields will not reach the government’s record-high targets. It is always risky when all analysts are leaning the same way, though recent weather and the already-lofty nature of the corn yield seem to validate this thinking. However, lower yields may not be printed in the U.S. Department of Agriculture’s report on Wednesday. [ read more … ]

EIA increases 2023, 2024 ethanol production forecasts

By Erin Voegele, Ethanol Producer Magazine  •    •  Posted July 12, 2023

The U.S. Energy Information Administration boosted its forecasts for 2023 and 2024 fuel ethanol production in its latest Short-Term Energy Outlook, released July 11. The forecasts for ethanol blending were maintained. The EIA currently predicts U.S. fuel ethanol production will average 1 million barrels per day in 2023 and 1.01 million barrels per day in 2024, up from the respective forecasts of 990,000 barrels per day and 1 million barrels per day made in the June STEO. Fuel ethanol production averaged 1 million barrels per day last year. [ read more … ]

Climate Litigation

‘Tipping point’: Asbestos, opioid lawyers enter climate fray

By Lesley Clark, E&E News  •    •  Posted July 12, 2023

These lawyers have won big against asbestos and opioid manufacturers. Now, they’re coming for oil and gas companies. In the past nine months, four law firms that specialize in corporate wrongdoing have filed lawsuits against oil and gas majors on behalf of local governments seeking compensation for the ravages of climate change. The filings signal that climate liability litigation — once mostly the domain of environmental firms and government attorneys — is drawing attention and resources from new corners of the legal industry. [ read more … ]

 

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