Sunday, November 18, 2012

EPA Denies RFS Waiver Requests

US Environmental Protection Agency EPA
After careful review, the US Environmental Protection Agency (EPA) announced Friday that they have denied the requests by several state governors to waive the provisions of the Renewable Fuels Standard (RFS).

The governors had argued that the renewable fuels levels mandated by the RFS were causing "economic harm" to their states.

The EPA said that "Congressional requirements for a waiver have not been met and that waiving the RFS will have little, if any, impact.”"

Specifically, the EPA economic analysis found that "“waiving the mandate would only reduce corn prices by approximately one percent."

The EPA also said that economic analysis conducted by the US Department of Energy (DOE) showed  that waiving the mandate would not impact household energy costs.

The EPA made the correct decision. Use of corn for ethanol does not create economic harm.

Instead, American Ethanol creates jobs throughout the country, increases the nation's fuel supply, encourages new technology development and enhances our nation's energy independence.

Source: EPA


Food and Fuel
Good and Balanced Food and Fuel News!

No comments: