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News, Reuters

Biden administration will not finalize clean fuel tax credit guidance

Ethanol producers hoping aviation fuel would provide market growth after amid stagnant demand

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Biden administration officials will not finalize highly anticipated guidelines on new clean fuel production tax credits aimed at the airline and biofuel industries before they leave in January, three sources told Reuters, casting doubt on the future of a key piece of the U.S. president's climate agenda.
The Big River Resources ethanol plant at West Burlington, Iowa, about 120 km southwest of Davenport. (Steven Vaughn photo courtesy ARS/USDA)
Markets

Biden backs ethanol industry on low-emission aviation fuel tax credits

Aviation is seen as one of the few routes to increase ethanol demand amid rising electric vehicle sales

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Reuters - The Biden administration said on Friday it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), a pivotal win for the politically powerful U.S. corn lobby.
(RyanJLane/E+/Getty Images)
Livestock, Markets

Canada warns VCOOL would sabotage shared Canada-U.S. goals, supply chains

The Canadian government has submitted its views on proposed U.S. food labelling rules

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Proposed U.S. country of origin labelling rules run contrary to mutual Canada and U.S. goals to reduce inflation, improve food security and build resilient supply chains, according to a submission from the Canadian government to the U.S. Department of Agriculture. “One of the great strengths of the U.S.-Canada bilateral relationship is the successful integration of
File photo of a BNSF grain train crossing the Gassman Coulee trestle near Minot, North Dakota. (Photo courtesy BNSF Railway)
Crops

Biden administration makes case for quick Senate vote to avoid rail shutdown

Bill imposing deal on workers clears House

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Washington | Reuters — The Biden administration on Thursday urged the U.S. Senate to quickly pass a bill to block a railroad strike, warning that serious economic disruptions could be felt within days. The U.S. House of Representatives on Wednesday voted to approve a bill to impose a tentative contract deal reached in September on
(Scharfsinn86/iStock/Getty Images)
Crops, Markets

U.S. EPA proposes revamp of biofuel program to include EVs

Mandated biofuel levels to rise through 2025

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New York | Reuters — U.S. President Joe Biden’s administration on Thursday unveiled a three-year proposal to expand the U.S. biofuels policy with bigger volume mandates and — for the first time — to include a pathway for electric vehicle manufacturers to generate lucrative credits. Biden wants to fight climate change by reducing fossil fuel
File photo of a BNSF grain train crossing the Gassman Coulee trestle near Minot, North Dakota. (Photo courtesy BNSF Railway)
Crops, Markets

Biden asks Congress to avert U.S. rail strike

U.S. president warns of dire economic impact

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Washington | Reuters — U.S. President Joe Biden on Monday called on Congress to intervene to avert a potential rail strike that could occur as early as Dec. 9, warning of a catastrophic economic impact if railroad service ground to a halt. Biden asked lawmakers to adopt the tentative deal announced in September “without any
U.S. President Joe Biden tours a manufacturing lab at McHenry County College during a visit to northwest Chicago suburb Crystal Lake on July 7, 2021. (Photo: Reuters/Evelyn Hockstein)
Crops

Biden says administration engaged in talks to avert U.S. railroad strike

CN's U.S. operations would be affected

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Nantucket | Reuters — U.S. President Joe Biden said on Thursday that his administration was involved in negotiations to avert a looming U.S. railroad strike that could shut down supply chains across the country but added that he has not directly engaged on the matter yet. Speaking to reporters outside a fire station on Nantucket
BNSF crews clear track near Lemmon, S.D., about 300 km northeast of Rapid City, in late December 2016. (BNSF.com)
Crops

Biggest U.S. rail union rejects tentative deal, raising threat of strike

Union digs in on paid sick time

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Washington/Los Angeles | Reuters — Workers at the largest U.S. rail union voted against a tentative contract deal reached in September, raising the possibility of a year-end strike that could cause significant damage to the U.S. economy and strand vital shipments of food and fuel. Train and engine service members of the transportation division of
(Fudio/iStock/Getty Images)
Crops

Biden overhauling U.S. marijuana policy

Prior federal offenses to be pardoned; moves could ease U.S. business for cannabis firms

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Washington | Reuters — U.S. President Joe Biden took steps to overhaul U.S. policy on marijuana on Thursday by pardoning thousands of people with federal offenses for simple marijuana possession — and initiating a review of how the drug is classified. Biden said thousands of people with prior federal convictions could be denied employment, housing
BNSF crews clear track near Lemmon, S.D., about 300 km northeast of Rapid City, in late December 2016. (BNSF.com)
Crops

Biden steps in to help end freight rail labour disputes

Disputes dragging at BNSF, Union Pacific

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Washington | Reuters — U.S. President Joe Biden on Friday signed an executive order creating an emergency board to help resolve disputes between major freight rail carriers and their unions, in a move that could help loosen up some supply chain constraints. The order came ahead of a deadline next week to intervene in nationwide

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