by Stephanie Kelly (Reuters) The U.S. Environmental Protection Agency has asked industry groups for their input on the future of the nation’s biofuel policy after it ends its current phase in 2022, four sources familiar with the matter said.
The consultations will provide a new opportunity for the oil, corn and biofuel lobbies to reshape the regulation, called the Renewable Fuel Standard, which has bitterly divided the two industries for more than a decade.
…
Under the regulation, the EPA will have discretion over annual mandated volumes from 2023 on, taking over that responsibility from Congress.
Oil and biofuel groups have begun meetings with the EPA to discuss ways in which the agency could approach the RFS after that date.
4/15/2021
By Stephanie Kelly
NEW YORK, April 15 (Reuters) - The U.S. Environmental
Protection Agency has asked industry groups for their input on
the future of the nation s biofuel policy after it ends its
current phase in 2022, four sources familiar with the matter
said.
The consultations will provide a new opportunity for the
oil, corn and biofuel lobbies to reshape the regulation, called
the Renewable Fuel Standard, which has bitterly divided the two
industries for more than a decade.
Under the RFS, oil refiners must blend increasing billions
of gallons of biofuels into the nation s fuel mix each year or
buy trade able credits from those that do.
UPDATE 1-EPA seeks oil, corn sectors input on next phase of U S biofuel policy -sources msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.