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Governors' Biofuels Coalition
NEWS UPDATE March 5, 2014

Obama lays out ‘road map’ to achieving climate, energy goals

Robin Bravender, E&E reporter  •    •  Posted March 5, 2014

The budget renews Obama’s call for the repeal of $4 billion in annual subsidies to the oil industry, an oft-repeated request from the president that stands little chance of clearing Congress. The budget also calls for advancing the “all of the above” energy strategy through investment in natural gas production and the promotion of “cleaner-burning fossil fuel technology such as natural gas with carbon capture,” the advancement of energy efficiency and making a renewable energy tax credit permanent. [ read more … ]

Obama proposes boost for renewables, efficiency at fossil fuels’ expense

Katherine Ling, Hannah Northey and Manuel Quiñones, E&E reporters  •    •  Posted March 5, 2014

President Obama’s fiscal 2015 budget request would boost funding for innovation in renewable energy, energy efficiency and advanced manufacturing across various programs, reflecting White House priorities — but those policies are likely to spur critics to again question the administration’s commitment to an “all of the above” energy strategy. [ read more … ]

Obama reiterates call to ax oil incentives, boost renewables

Nick Juliano, E&E reporter  •    •  Posted March 5, 2014

President Obama would make the renewable energy production tax credit (PTC) and similar green incentives both permanent and refundable, meaning they could be claimed even by companies with no tax liability. Currently, those incentives are made available only on a temporary basis, and they expired at the end of last year. They also are not refundable, which means smaller renewable energy developers often must partner with tax equity investors, such as major banks, to reap the full value of the credit, which is worth $23 for every megawatt-hour of electricity generated at an eligible facility. In addition to the PTC, the budget would extend a $1.01-per-gallon cellulosic biofuels credit and proposes new tax incentives for trucks to run on natural gas or other alternative fuels and for refueling infrastructure. [ read more … ]

EPA ‘Tier III’ Air Rule Flexibilities Fail To Quell Refiners’ Attacks On Policy

Chris Knight, Inside EPA  •    •  Posted March 5, 2014

EPA’s final “Tier III” fuel and vehicle air rule includes new regulatory flexibilities sought by refiners including making it easier to use existing compliance credits and not making 15 percent ethanol (E15) gasoline a certification fuel, but refiners still oppose the rule and say its low-sulfur fuel mandate could create up to $10 billion in capital costs. [ read more … ]

John Podesta: The man behind President Obama’s new environmental push

By Juliet Eilperin, Washington Post  •    •  Posted March 5, 2014

Washington Gov. Jay Inslee (D), who attended the Podesta-brokered meeting last week between governors and Obama, said in an interview that Podesta “speaks through his actions” and that the session “demonstrated in the most tangible way how committed the president is to trying to address this issue. It showed that we have a real situation. They actually said as much.” [ read more … ]

Moniz touts budget’s focus on grid, carbon capture, cybersecurity

Hannah Northey, E&E reporter  •    •  Posted March 5, 2014

Energy Secretary Ernest Moniz today touted the president’s fiscal 2015 budget proposal for the Energy Department as a means to advance a “grid of the future,” curb carbon emissions — including those from natural gas — and bolster cybersecurity. [ read more … ]

White House proposes cuts to 2015 USDA budget

Written by CHRISTOPHER DOERING, Gannett Washington Bureau  •    •  Posted March 5, 2014

The 2015 White House budget proposal also included the reinstatements of several expired tax provisions, such as credits for cellulosic biofuel and wind energy production.
[ read more … ]

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