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Balanced Reporting. Trusted Insights.
Thursday, June 30, 2022
House Democrats have proposed a sweeping package of green energy tax incentives that includes a multiyear extension of the expired biodiesel credit, but it’s unclear that the House and Senate can agree on a tax deal before the end of the year.
The D.C. Circuit Court of Appeals has dismissed a challenge to the EPA’s allocation of Small Refinery Exemptions, saying it lacks the jurisdiction to offer a written opinion on the case.
House Democrats kick off their public impeachment hearings this week amid pressure from farm groups to finalize a deal with the White House to act on the U.S.-Mexico-Canada Agreement.
Canada is developing biofuel incentives similar to California's and could provide a valuable new market for the U.S. biodiesel industry, which is struggling to increase exports to other countries due to countervailing duties and other barriers.
A federal appeals court heard arguments about the Environmental Protection Agency’s use of biofuel mandate waivers for small refineries, but some question if there will be a case of judicial pingpong with no court finding itself the right panel for a challenge.
Congress returns from a two-week break with the deepening impeachment battle clouding prospects for budget and tax issues important to U.S. .agriculture, and there is continued uncertainty about when lawmakers will take up the U.S.-Canada-Mexico trade agreement.
Leaders of several biofuel companies tell Trump administration officials at a White House meeting that they need to make up for ethanol usage that is exempted by future refinery waivers, sources say.
Trade tensions, the Trump administration's decisions on biofuel policy, and an oversupply of ethanol are placing ethanol plants in a tight spot financially, forcing some to either shut down or press pause on production until conditions improve, industry officials say.
The U.S. Department of Commerce has agreed to reduce the some of the U.S. duties on biodiesel shipped from Argentina, and that has U.S. soybean farmers upset.
