No Major Changes Expected in EPA RFS Decisions After 60-Day Comment Period
– No major changes expected in EPA RFS decisions after 60-day comment period. The Environmental Protection Agency (EPA) on Friday proposed smaller requirements for biofuel use in 2014, trimming targets for corn-based ethanol for the first time ever and setting renewable fuel use at 15.21 billion gallons, just less than 10 percent of motor fuel and 16 percent lower than mandated level (18.15 billion gallons) established by Congress in 2007 energy legislation. The announcement was largely in line to a leaked EPA options paper and garnered a lot of negative reaction, as expected, from farm groups, corn ethanol producers and supporters of biodiesel. But it garnered positive remarks from oil companies and lawmakers seeking reform of the Renewable Fuel Standard (RFS), many of whom said they still want to push for repeal of the RFS – an action not likely to ever be signed into law.