The Environmental Protection Agency has finalized blending requirements under the nation’s biofuel mandate and is calling for higher usage of renewable fuels this year as consumers face skyrocketing gas prices at the pump.
The Environmental Protection Agency and biofuel trade association Growth Energy have finalized a proposed consent decree that would set an early summer publishing deadline for the biofuel mandate targets of the current and prior year.
When President Joe Biden was sworn into office, the biofuels industry had a handful of campaign trail quotes in its back pocket and a fresh sense of optimism about the federal government’s governance of the biofuels mandate. So far, that optimism hasn’t been met with corresponding action.
Growth Energy notified the Environmental Protection Agency that it intends to sue the agency regarding its failure to timely fulfill its statutory obligation under the Renewable Fuel Standard (RFS) to issue the 2022 Renewable Volume Obligation (RVO).
The Biden administration is considering a multi-year reduction to the nation’s biofuel mandate, a move that would surely anger farmers and biofuel interests hoping to see stronger support for the program.