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.
As stakeholders await the finalization of biofuel blending targets for 2021 and 2022 – as well as potential retroactive cuts to the 2020 RVO that enraged the biofuels industry – attention is shifting to how the agency might handle future announcements.
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.
Stakeholders from all sides of the Renewable Fuel Standard cautioned federal regulators Tuesday about moving forward with its proposed multi-year set of blending targets for the nation’s biofuel mandate.
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.
Lawmakers joined biofuel industry officials in ripping the Environmental Protection Agency for delays in releasing its biofuel blending mandates, with one Republican congressman saying it comes close to qualifying as a “broken campaign promise.”
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.