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Governors' Biofuels Coalition
NEWS UPDATE May 2, 2014

New TV ad exposes Saudi oil money bankrolling RFS smear campaign

By Americans United for Change  •    •  Posted May 2, 2014

Pro-renewable fuel standard, pro-American jobs groups Americans United for Change and VoteVets.org held a press call April 30 to reveal damaging IRS documents showing that Saudi oil money is clearly helping finance the millions of dollars worth of smear ads that the “American” Petroleum Institute is waging against ethanol and RFS. Americans United for Change announced it is launching a Sunday show TV blitz to help educate the public and decision makers in Washington about who is really behind the anti-RFS campaign and why: foreign oil interests that want to keep America dependent on their dirty energy product. “The Kingdom” will air May 4 during “Meet the Press,” “Face the Nation,” “This Week,” and “Fox News Sunday” in the D.C. media market aimed at opinion elites and the ultimate decision makers behind the EPA’s RFS proposed rule. [ read more … ]

Democrats offer green bank bills

Nick Juliano, E&E reporter  •    •  Posted May 2, 2014

House Democrats are attempting to revive an approach to mobilizing private financing for clean energy projects by establishing a national green bank. Rep. Chris Van Hollen (D-Md.), the ranking member of the Ways and Means Committee, led seven colleagues in introducing the bill, H.R. 4522. A similar idea was included in the greenhouse gas cap-and-trade bill that passed the House in 2009, but efforts to revive it have been largely dormant since then. [ read more … ]

Shift away from fossil fuels will be wrenching, risky, ‘ugly’ and ultimately necessary — author

Daniel Cusick, E&E reporter  •    •  Posted May 2, 2014

Shifting the global economy from its long dependence on fossil fuels will not follow a smooth trajectory where corporations, financial markets and other stakeholders systematically and logically adjust to new realities, regulations and economic pressures. Rather, it will be the kind of “chaotic, messy, ugly and effective” transformation that characterized almost all past market upheavals, author and climate activist Paul Gilding told several hundred climate-conscious investors gathered here this week. [ read more … ]

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