EPA Keeps Biofuels Levels in Place after Considering Texas? Request

Aug 7, 2008 - BiobasedNews.com (Washington, DC – August 7, 2008) Following extensive analysis, U.S. supply will remain at 9 billion gallons in 2008 and 11.1 billion gallons in 2009. “After reviewing the facts, it was clear this request did not meet the criteria in the law,” said EPA Administrator Stephen L. Johnson. “The RFS remains an important tool in our ongoing efforts to reduce America’s greenhouse gas emissions and lessen our dependence on foreign oil, in aggressive yet practical ways.” Current law authorizes EPA to waive the national RFS if the agency determines that the mandated biofuel volumes would cause “severe harm” to the economy or the environment. The agency recognizes that high commodity prices are having economic impacts, but EPA’s extensive analysis of Texas’ request found no compelling evidence that the RFS... [read full story]