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Governors' Biofuels Coalition
NEWS UPDATE December 2, 2014

Tax extenders expected to return next year, as House prepares extenders punt 

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

The House is planning to vote this week on a piecemeal bill that would reinstate dozens of expired tax breaks for this year, including those supporting renewable electricity, biofuels and energy efficiency, among others. The bill floated yesterday, H.R. 5771, came after the collapse last week of bipartisan negotiations around a much broader package, which would have included a longer-term phaseout of the production tax credit (PTC), which primarily benefits the wind industry (Greenwire, Nov. 26). But the broader debate over how to wean wind producers off the tax credit is widely expected to return next year, when Republicans will claim a majority in the House and Senate, aides and lobbyists said yesterday. [ read more … ]

Oil Prices Are Plunging. Here’s Who Wins and Who Loses

By Neil Irwin, New York Times  •    •  Posted December 2, 2014

Loser: American oil producers. One of the big open questions is just how many of the small, independent producers in the American heartland have cost structures that make them viable with oil prices in the $60s rather than the $100s. Many have relied on borrowed money, and bankruptcies are possible. But because the companies tend to be privately held (their financial details not publicly released), analysts are doing guesswork in projecting how severe the pain will be.
Oil-producing state economies. As the American economy has struggled to recover in the last few years, the exceptions have been oil-rich states like Texas and North Dakota, which have enjoyed low unemployment and strong real estate markets. [ read more … ]

Wash. governor mulls low-carbon fuel standard 

SF Gate  •    •  Posted December 2, 2014

Washington Gov. Jay Inslee (D) is considering mandating the use of cleaner transportation fuels as one measure to address climate change. The low-carbon fuel standard would be similar to the one recently adopted in California, which was the first state in the nation to have a low-carbon requirement for fuel. The new standard would require fuel producers to reduce the amount of carbon in fuels by 10 percent over a decade. This could be done by mixing traditional fossil fuel with alternative fuels like ethanol or biodiesel.
[ read more … ]

Local View: Ethanol policy and the economy

By PAUL KENNEY, Lincoln Journal Star  •    •  Posted December 2, 2014

Nebraska’s policymakers must actively and vocally show support for the federal Renewable Fuel Standard and push back against regulatory actions that impede the use of ethanol and other biofuels. The current Renewable Fuel Standard is the only mechanism today that provides a framework for agricultural prosperity while weaning our economy off high-priced fossil fuels. [ read more … ]

Investors sue KiOR execs over failed refinery 

Steven Mufson, Washington Post  •    •  Posted December 2, 2014

A biofuels company that once seemed promising has filed for bankruptcy and is the subject of multiple lawsuits. KiOR promised to turn wood chips into hydrocarbons that, with the help of a “magic catalyst,” could immediately be burned. The company filed for bankruptcy last month [ read more … ]

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