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Bahrains Foreign Ministry: Bahrain condemns Irans latest attack.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 4.0 occurred at 11:39 on June 28 near the Haixi Prefecture of Qinghai Province (37.86 degrees north latitude, 95.42 degrees east longitude). The final result is subject to the official rapid report.On June 28th, Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), published an article stating that in May 2026, imported cars totaled 38,000 units, a 19% decrease; from January to May 2026, imported cars totaled 160,000 units, an 11% year-on-year decrease. With the rise of domestically produced cars and the accelerated localization of international brands, car imports have remained sluggish in recent years, with three consecutive years of negative growth. If the fluctuations are smoothed out, this would represent eight consecutive years of negative growth.June 28 - Reuters reported on the 27th, citing a U.S. official, that Iran launched missile and drone attacks on neighboring countries, including Bahrain and Kuwait. There are currently no reports of U.S. casualties, and U.S. facilities in the Middle East have not been significantly affected or damaged.June 28 - According to the Japanese Ministry of Internal Affairs and Communications Fire and Disaster Management Agency, as of 9:00 AM local time on the 28th, the earthquake that struck Yamanashi Prefecture on the evening of the 26th has injured 20 people.

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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