Please add the Governors' Biofuels Coalition to your address book for uninterrupted delivery
View this email in a web browser.
Governors' Biofuels Coalition
NEWS UPDATE September 24, 2014

Boosting RFS targets wouldn’t significantly raise gas prices — study

Amanda Peterka, E&E reporter  •    •  Posted September 24, 2014

Increasing the ethanol mandate beyond the volume proposed by the Obama administration would not significantly affect the price of gasoline sold in the United States, according to a new study from Iowa State University. The study found that increasing the corn ethanol mandate to 13.67 billion gallons from the 13.01 billion target that U.S. EPA proposed for this year would have no effect on gas prices. That’s because increasing the mandate to that level would not result in higher prices for the ethanol credits that refiners use to show compliance with the mandate. [ read more … ]

New Study: EPA Inaction on the RFS Rule Is Causing an Increase in GHG Emissions

By Business Wire  •    •  Posted September 24, 2014

-Increased greenhouse gas emissions equal to 4.4 million additional cars on U.S. roads are likely as a result of EPA inaction on finalizing the 2014 Renewable Fuel Standard (RFS) rules. The Biotechnology Industry Organization (BIO) today issued a white paper updating earlier published estimates of the greenhouse gas emissions resulting from EPA’s proposal to reduce biofuel use during 2014. “Estimating Greenhouse Gas Emissions from Proposed Changes to the Renewable Fuel Standard Through 2022.”
[ read more … ]

Global business leaders back carbon price at N.Y. summit

Lisa Friedman, E&E reporter  •    •  Posted September 24, 2014

Business leaders from Apple to Lockheed Martin threw down the gauntlet on climate change yesterday, declaring that the private sector must start taking green growth seriously. Speaking on the eve of a climate change mega-summit hosted by U.N. Secretary-General Ban Ki-moon, industry officials representing hundreds of businesses embraced a price on carbon, boosting renewable energy, eliminating deforestation in supply chains and reducing greenhouse gas emissions. [ read more … ]

Obama promises U.S. leadership on warming in U.N. address

Lisa Friedman, E&E reporter  •    •  Posted September 24, 2014

President Obama today declared the United States is “stepping up to the plate on climate change,” claiming America has cut more carbon emissions than any other nation on Earth over the past eight years. Speaking before world leaders convened by U.N. Secretary-General Ban Ki-moon for the first-ever heads of state summit on global warming, Obama declared unequivocal support for a new international agreement. He repeatedly said the United States will lead but called on other major emitters, particularly China, to march in lock step. The two largest emitters in the world have a special responsibility to lead,” he said. “It’s what big nations have to do. [ read more … ]

Rockefeller philanthropy headlines $50B push away from fossil fuel industry

Benjamin Hulac, E&E reporter  •    •  Posted September 24, 2014

The fossil fuel divestment effort gained serious financial clout and recognition yesterday when an assembly of 800 institutions, endowments and wealthy individuals — including the Rockefeller Brothers Fund — pledged in New York City to sell coal, oil and natural gas holdings. Spearheaded by the “Divest-Invest” philanthropy, the group pledged to sell $50 billion in fossil fuel holdings. Signatories included the Sierra Club Foundation, the Ben & Jerry’s Foundation and the World Council of Churches. [ read more … ]

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