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1. Russian President Vladimir Putin: The attack by Ukraine has caused some damage to Russia. 2. Kernel, a Ukrainian agricultural and food exporter: Infrastructure at the port of Chornomorsk, Ukraine, has been damaged. 3. According to RIA Novosti: Russia and Ukraine have each exchanged 185 prisoners of war. 4. According to the Wall Street Journal: Sources say a Ukrainian team used satellite intelligence to destroy billions of dollars worth of Russian assets. 5. According to Ukrainian sources, Chernihiv was attacked by a drone, injuring seven people. 6. Russian President Vladimir Putin: Has reviewed Zelenskys letter. 7. International Atomic Energy Agency (IAEA): Has been informed of a serious incident that occurred today during the agreed-upon partial ceasefire and demining phase near the Zaporizhia nuclear power plant. Several Russian military personnel were injured in the incident. 8. Regarding the incident at the Zaporizhia nuclear power plant, IAEA Director General Grossi called on all parties to exercise maximum military restraint and fully comply with the ceasefire agreement. 9. Putin rejected Zelenskys proposal for "talks," saying it was meaningless. 10. German Chancellor Merz: We will meet with Ukrainian President Zelensky on Sunday through the E3 mechanism (Germany, France and the United Kingdom).US President Trump: Most of Iran’s drone factories, launch sites and missile manufacturing areas have been destroyed.US President Trump: In the conflict so far, we have completely destroyed their military, although Iran still has some missiles and drones.US President Trump: Iran has no choice, but it will take some time.According to filings with the U.S. Securities and Exchange Commission (SEC), Netflix (NFLX.O) has appointed Jay Hoag as chairman of its board of directors, effective from the annual meeting.

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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