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Tags: Money | Environmental Protection Agency | EPA | biofuel | Renewable Fuel Standard | White House | Office of Management and Budget

EPA Sends Annual Biofuel Blending Recommendations to White House

EPA Sends Annual Biofuel Blending Recommendations to White House

Thursday, 26 August 2021 01:57 PM

The U.S. Environmental Protection Agency on Thursday sent annual biofuel blending mandates to the White House's Office of Management and Budget for review, according to the agency.

The EPA was expected to recommend lowering the mandate for 2021 to reflect weaker demand during the coronavirus pandemic, while increasing the mandate for 2022, Reuters reported last week, according to sources.

"The proposal aims to get the [Renewable Fuel Standard (RFS)] program back on track while addressing challenges stemming from decisions made under the prior administration," an EPA spokesperson said in a statement.

The agency did not provide details on the proposal or confirm Reuters' previous reporting.

Under the U.S. RFS, oil refiners must blend billions of gallons of biofuels into the nation's fuel mix, or buy tradeable credits from those that do.

Mandates for 2021 have been delayed by more than half a year. (Reporting By Stephanie Kelly and Jarrett Renshaw; Editing by Bernadette Baum)

© 2021 Thomson/Reuters. All rights reserved.


StreetTalk
The U.S. Environmental Protection Agency on Thursday sent annual biofuel blending mandates to the White House's Office of Management and Budget for review, according to the agency.The EPA was expected to recommend lowering the mandate for 2021 to reflect weaker demand...
Environmental Protection Agency, EPA, biofuel, Renewable Fuel Standard, White House, Office of Management and Budget
154
2021-57-26
Thursday, 26 August 2021 01:57 PM
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