The Biden administration is likely to raise ethanol blending mandates for 2021 above its proposed figure in December to align with U.S. consumption, according to two sources briefed on the decision.
In December, the U.S. Environmental Protection Agency proposed that refiners blend 13.32 billion gallons of ethanol into the fuel pool, a move that angered farm-belt lawmakers and the industry who said it was too low.Register now for FREE unlimited access to Reuters.comA final decision has not yet been made, the sources said. The White House and the Environmental Protection Agency, which administers the mandates, did not immediately comment.
The meeting underscores the political implications of the upcoming decision, which will impact fuel and food prices amid a 40-year high in inflation rates. The rule has long been a point of contention between the powerful oil and corn lobbies. While the mandates have set up a multibillion-gallon market for corn farmers and ethanol producers, merchant refiners claim the requirements are costly and threaten to put them out of business.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Germany reports rise in child abuse cases in 2021German police record a significant increase of depictions of sexual abuse against children last year compared to the year before, the country's top criminal police official says
Read more »
Former Virginia Tech football player acquitted in 2021 beating deathA former Virginia Tech football player was acquitted Friday in the 2021 beating death of a man he says he thought was a woman.
Read more »
The Pokemon Company Had Record Profits in 2021The Pokemon Company had another huge year in 2021. The Pokemon Company released its annual [...]
Read more »
Progressives Urge Biden Admin to Prevent Destruction of Palestinian Homes in West Bank'The members of Congress who signed this letter are making it clear that we must hold the Israeli government accountable for its blatant violations of Palestinians' rights.'
Read more »