• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 14 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 days They pay YOU to TAKE Natural Gas
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 3 days What fool thought this was a good idea...
  • 6 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 1 day A question...
  • 12 days The United States produced more crude oil than any nation, at any time.
Body Heat: A New Source of Energy for Buildings?

Body Heat: A New Source of Energy for Buildings?

Governments and businesses are exploring…

Comparing Big Oil to Big Tobacco is Ludicrous

Comparing Big Oil to Big Tobacco is Ludicrous

Comparing Big Oil to Big…

Easing Inflation Sparks Bullish Sentiment in Oil Markets

Easing Inflation Sparks Bullish Sentiment in Oil Markets

Easing Inflation Sparks Bullish Sentiment…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Premium Content

Oil, Corn Lobbies United Against Biden’s EV Plan

  • Lawmakers supporting the oil and the bioethanol industries had joined forces in opposing the Biden administration’s EV plan
  • The lawmakers state that the plan will make the United States dangerously dependent on China and also jeopardize its climate change goals
White House

The White House’s push to electrify America’s transport system has united two rivals for the favors of Congress: the oil lobby and the corn lobby.

Bloomberg reports that lawmakers supporting the oil and the bioethanol industries had joined forces in opposing the Biden administration’s EV plan, focusing on the plan to electrify the federal fleet.

According to the lawmakers—50 of them, all Republicans—the plan will make the United States dangerously dependent on China and also jeopardize its climate change goals, they said in a letter.

The authors note the fact that China is the source of almost all the global supply of rare earths, which are used in EV batteries and electronics, saying Biden’s EV-related executive order “creates a dependency on foreign adversaries.”

They also pitched biofuels as a quicker and easier way of reducing carbon emissions from the federal vehicle fleet, saying, “Instead of signing orders that will be costly, may have a slight carbon emission reduction over 15 years away and bolster our greatest foreign adversary -- China -- you ought to be turning to the liquid fuel sector for real solutions.”

The oil industry and the biofuels industry are, because of their opposing interests, natural “enemies.” They have each lobbied against the other in Congress—that is, until now. With the new threat of EVs looming large, those opposing interests seem to have been, at least temporarily, forgotten.

President Biden in December signed an executive order seeking to make the federal government of the United States carbon neutral by 2050, eyeing a 65-percent emissions reduction by 2030. Per the order, the federal government will replace its fleet of 600,000 cars and trucks with electric vehicles and upgrade the energy efficiency of its 300,000 buildings. The order also envisages the addition of more low-carbon electricity to the grid.

By Charles Kennedy for Oilprice.com

ADVERTISEMENT

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News