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Shining Light on Farm & Food Policy for 20 Years.
Thursday, November 21, 2024
China is ending an export tax rebate for used cooking oil, a common feedstock for renewable diesel, in a move analysts say could spur higher prices and prompt U.S. biofuel producers to explore other oil sources.
Republicans are seeking input from biofuel stakeholders on what future tax policy should look like now that the GOP will have control in the White House and both chambers of Congress.
President-elect Donald Trump announced Thursday night that North Dakota Gov. Doug Burgum will be nominated as interior secretary. Farm groups will be counting on the administration to roll back a series of regulations at Interior.
North Dakota Gov. Doug Burgum, who has championed biofuels as well as his state’s oil and coal industries, will serve as energy czar in the Trump administration in addition to running the Interior Department, President-elect Donald Trump announced Friday.
Summit Carbon Solutions cleared a hurdle in its quest to build a five-state, 2,500-mile carbon dioxide carbon pipeline with the North Dakota Public Service Commission’s approval Friday of a 332-mile route through the state.
Economists at the University of Illinois and USDA’s Economic Research Service are rolling back their estimates of growth in the renewable diesel industry, reflecting lower-than-expected demand for the biofuel.
The California Air Resources Board has approved a 20% limit on credits for renewable diesel produced from soybean, canola and sunflower oils, despite industry complaints that the cap was unnecessary and would increase the state's reliance on foreign feedstocks for biofuels.
Along the campaign trail, President-elect Donald Trump had vowed to repeal parts of the Biden administration's landmark climate law, the Inflation Reduction Act. Now facing a second Trump administration, industry groups are hopeful broad bipartisan support for biofuels and conservation programs in Congress means these initiatives will remain in place.
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