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Governors' Biofuels Coalition
NEWS UPDATE March 5, 2012

Obama: Fuel-efficient cars an answer to gas prices

  •  CNBC  •  Posted March 5, 2012

President Barack Obama says higher auto mileage standards set under his administration and better cars built by a resurgent U.S. auto industry will save money at the gas pump over the long term, a counterpoint to Republican criticism of his energy policy [ read more … ]

Ethanol Declines as Supply Glut Outpaces Blending Demand

Mario Parker  •  Bloomberg  •  Posted March 5, 2012

Ethanol futures declined in Chicago as supply outpaced demand for the biofuel. Futures slipped following an Energy Department report that supply rose for an 11th consecutive week to a record 22 million barrels in the week ended Feb. 24 [ read more … ]

Obama urges commitment to clean energy, end to oil industry tax credits

John McArdle  •  E&E  •  Posted March 5, 2012

With gasoline prices at historic winter highs, President Obama made his second major energy address in as many weeks today, decrying “phony election-year promises” about quick fixes and warning there is no “silver bullet” on energy issues. [ read more … ]

CEOs urge Congress to extend cellulosic tax incentives

Amanda Peterka  •  E&E  •  Posted March 5, 2012

CEOs of advanced biofuels companies asked Congress today to extend two tax incentives due to expire at year’s end. The cellulosic biofuels tax credit and depreciation allowance for new ethanol plants are “vital” to the development of the still-fledgling advanced biofuels market, the more than 30 executives said in a letter to leaders of the two tax-writing committees, House Ways and Means and Senate Finance [ read more … ]

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