THE INDUSTRY CASE AGAINST TAILPIPE EMISSIONS RULE: Major trade associations representing oil and gas companies, corn growers, and U.S. businesses laid out the case against the Biden administration’s proposed tailpipe emissions rule, saying they would distort the market and restrict consumer choice, amounting to a de facto ban on ICE vehicles.
Brooke Appleton of the National Corn Growers Association said the proposed rule has raised serious concerns among growers, who fear they are being cut out of the transition process. This echoed much of what officials said on Tuesday’s call, in what is all but certain to be a preview of further coordinated industry efforts to come.
The U.S. official also said that any agreement would need to include enforceable labor and environmental standards before it is approved. The rule, implementing the bipartisan 2020 American Innovation and Manufacturing Act, will implement a 40% reduction below historic levels from 2024 through 2028, according to the EPA. The U.S. has agreed to phase down HFS through the Kigali Amendment, ratified last year by the Senate.
The deal will give Berkshire control over one of just seven LNG facilities currently operating in the U.S., and comes at a time when demand for the chilled natural gas has soared, especially in Europe, following Russia’s invasion of Ukraine last February.
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