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On September 12, BRICS countries, including Iran and the UAE, issued a joint statement expressing "deep concern" over the escalating tensions in the Middle East and calling on all countries in the region to exercise "maximum restraint." The 45-page communiqué covered a wide range of issues, from institutional reform to payment systems, but did not name the countries involved in the Middle East conflict, instead urging against "actions that could further escalate the situation." The Middle East conflict has lasted for more than six months, disrupting trade in the region and driving up global oil, fuel, and natural gas prices. Amid the significant escalation, Saudi Arabias east-west oil pipeline was attacked, forcing the country to shut it down on Friday. The United States also launched strikes against Iranian oil tankers. The BRICS countries stated that they encourage increased efforts through dialogue and diplomacy to reach a lasting understanding and contribute to lasting peace, security, and stability in the region. The BRICS statement did not offer a specific solution to the near closure of the Strait of Hormuz, but emphasized the "necessity of working together to maintain the smooth flow of global trade, supply chains, and energy in accordance with applicable international law."September 12th - Apples official website shows that pre-orders for the iPhone 18 Pro/Pro Max are now open, with starting prices of 9999 yuan and 10999 yuan respectively. They will officially go on sale on September 18th.According to data from the Congolese government, there have been more than 7,000 confirmed cases of Ebola (excluding deaths).Iraqi military: Iraq has agreed to Irans request to jointly investigate the existence of drone launchers along the border between the two countries.According to the Bahrain News Agency, Bahrain stated that it will not participate in any meetings with Iran until diplomatic relations between the two countries are restored.

Biden Reintroduces His Campaign for a Sustainable Aviation Fuel Tax Credit

Charlie Brooks

Apr 13, 2022 09:29

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"We brought together government agencies, aircraft manufacturers, airlines, fuel suppliers, and airports," Biden said at an Iowa event, saying that the effort will result in "advanced, cleaner, and more sustainable aviation fuels for America."


George Novak, President and CEO of the National Air Carrier Association, commended Biden for "recognizing the essential role that sustainable aviation fuel will play in further decreasing the airline industry's carbon impact."


Airlines are under pressure from environmental organizations to reduce their carbon footprints and have committed to using more environmentally friendly aircraft fuel (SAF).


Biden mentioned American Airlines' (NASDAQ:AAL) and United Airlines' support for sustainable aviation fuel on Tuesday, stating that biofuels were critical for aviation's decarbonization.


"That is the path we will take," Biden said.


The attempt to expedite carbon reductions in aviation is part of Biden's goal of achieving net carbon neutrality in the United States by 2050.


It comes as the US and Europe seek to increase production of SAF, which is currently produced in trace amounts from feedstocks such as discarded oil and may cost up to five times as much as normal jet fuel.


In September, the White House announced that three US government agencies would launch a challenge to supply at least 3 billion gallons of SAF per year by 2030 and sufficient SAF by 2050 "to meet 100 percent of aviation fuel demand, which is currently estimated to be around 35 billion gallons per year."


Airlines for America, a trade association that represents American, United, and other airlines, lauded Biden's request for a blender's tax credit and the $3 billion target that has bipartisan support in Congress. The association said that the credit "would contribute in the development of the embryonic market for SAF by providing a financial incentive for fuel producers to incorporate more SAF into the gasoline supply at a price that would encourage airlines to adopt it."

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