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National & World Ag News Headlines |
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Biofuel Industry Defends Record as Administration Mulls Reform
USAgNet - 02/17/2022
Backers of the U.S. biofuel industry told lawmakers today that the nation’s renewable fuel mandates are good for farmers, national security, and the environment, defending the controversial program’s record as the administration of President Joe Biden
considers reforms.
At issue is the future of the U.S. Renewable Fuel Standard (RFS), a roughly 15-year-old law that requires the nation’s oil refiners to annually blend billions of gallons of corn-based ethanol and other biofuels into the fuel pool, reports Reuters.
While the RFS has been a boon to growers, the oil industry opposes the mandates as too costly, and some researchers and environmentalists question its benefits to the climate.
The U.S. Environmental Protection Agency (EPA), which administers the policy, is reviewing the RFS and intends to announce potential changes to the program as soon as May.
Other biofuel advocates have argued the RFS is a crucial support to the nation's farmers and reduces the need for U.S. energy imports.
President Biden has announced a goal of decarbonizing the nation’s economy by 2050 to combat climate change.
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