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Governors' Biofuels Coalition
NEWS UPDATE October 1, 2023

Top Story

Biden Administration Offers Fewest Offshore Oil and Gas Leases in History

By Lisa Friedman, New York Times  •    •  Posted September 30, 2023

The Biden administration announced Friday it would lease a handful of spots in the Gulf of Mexico to oil companies for drilling over the next five years, a move that angered Republicans, the fossil fuel industry and climate activists alike. The administration said oil and gas companies would be able to drill in just three new areas in the Gulf between 2024 and 2029, the smallest number of lease sales offered since the federal drilling program began decades ago. Under a new law, the government must offer leases for oil drilling before it can invite developers to build wind farms in federal waters. [ read more … ]

Carbon Capture

Pipelines Touted as Carbon Capture Solution Spark Uncertainty and Opposition

By Anna Mattson, Scientific American  •    •  Posted October 1, 2023

Beyond their safety concerns, experts question whether carbon capture and storage is even an effective strategy for reducing greenhouse gases. Noah Planavsky, an isotope geochemist at Yale University’s Center for Natural Carbon Capture, says the practice would certainly reduce the CO2 in the air—but the overall situation is not that simple. “It’s not whether or not it’ll remove carbon. It will remove carbon,” Planavsky says. “But are we doing things that are actually propagating further use of fossil fuels?” [ read more … ]

Proposed Vehicle Emissions Rule

Automakers say they face $14 billion in fines from Biden’s ‘unfeasible’ fuel rules

By David Shepardson, Reuters  •    •  Posted September 30, 2023

The Biden administration proposal to hike fuel economy standards through 2032 is not feasible and could cost automakers a total of more than $14 billion in fines, an automotive group said Friday.
The Alliance for Automotive Innovation, which represents General Motors, Toyota Motor, Volkswagen, Hyundai and others, said the National Highway Traffic Safety Administration Corporate Average Fuel Economy proposal “exceeds maximum feasibility” and that the agency projects “manufacturers will pay over $14 billion in non-compliance penalties between 2027 and 2032”. [ read more … ]

Climate

Memes and Misinformation Are Threatening the Clean Energy Transition

By Molly Taft, The New Republic  •    •  Posted September 30, 2023

Over the past several years, as the country has accelerated the transition from fossil fuels to renewable energy, opposition to wind and solar has skyrocketed across the United States. Much of this opposition—especially when it comes to wind energy—has been propped up by those who stand to gain from renewable energy failures, especially the oil and gas industry, and their allies.  But some of the most significant changes at the local level in one of the country’s most wind-heavy states are happening free of any obvious or direct dark money influence. In Iowa, grassroots activists are using the power of social media to help organize to pass policies that will significantly slow the transition to clean energy.  [ read more … ]

New California Climate Law Pulls In Private Companies

By Richard Vanderford, Wall Street Journal  •    •  Posted September 30, 2023

California is poised to force many private businesses to report on carbon emissions, dramatically increasing the number of U.S. companies that could be subject to some kind of U.S. climate reporting. Gov. Gavin Newsom on Sunday said he would sign landmark legislation that would require businesses, including those privately held, to begin reporting on emissions if they operate in California and have at least $1 billion in revenue. In addition to their direct emissions, those businesses would have to account for emissions by suppliers and customers, so-called “Scope 3” emissions that are considered more nebulous and difficult to pin down. [ read more … ]

EVs

US Weighing Record $1 Billion Loan for Massive Lithium Mine in Nevada

By Jacob Lorinc, Ari Natter, and Yvonne Yue Li, Bloomberg  •    •  Posted September 30, 2023

The US Energy Department is in talks to lend a record $1 billion to the developer of one of the country’s largest lithium deposits in a push to build out a domestic supply of critical minerals. The Biden administration and Lithium Americas Corp. are negotiating the terms of an agreement that would fund more than half of the cost of the Thacker Pass mine in Nevada, according to a person familiar with the matter who asked not to be identified discussing confidential information. [ read more … ]

Vance unveils legislation eliminating EV tax credits

BY ZACK BUDRYK, The Hill  •    •  Posted September 30, 2023

Sen. JD Vance (R-Ohio) introduced legislation Thursday that would eliminate federal tax credits for electric vehicles, the latest in a series of Republican salvos against EV technology. Vance’s bill, first reported by The Daily Caller, would undo several EV credits created or broadened under the Inflation Reduction Act (IRA), the 2022 climate and infrastructure law. It would also establish a new $7,500 tax credit specifically for American-made gas-powered vehicles. [ read more … ]

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