Renewable-Fuel Mandate Freeze to Be Discussed in Congress
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Makers of renewable fuels are set to meet with congressional negotiators today, as lawmakers try to pull together compromise legislation that would freeze the U.S. mandate for corn-based ethanol.
Representative Fred Upton, chairman of the House Energy and Commerce Committee, and Representative Henry Waxman, the panel’s top Democrat, are negotiating changes to the Renewable Fuels Standard that would keep the ethanol requirement at this year’s level for the next two years and add incentives to boost low-carbon biofuels, according to people familiar with the moves who asked not to be identified discussing sensitive talks.