Biden Eyes Biofuel Cut That May Ease Pressure on Refiners
- Draft EPA proposal would retroactively lower quotas for 2021
- Move would be a blow to makers of ethanol and biodiesel
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The Biden administration is preparing to propose cutting biofuel quotas for 2020 and 2021, amid pressure from refining interests and their Democratic allies in Congress, according to several people familiar with the matter.
The Environmental Protection Agency also is on track to propose a modest increase in the amount of plant-based fuels that must be mixed into gasoline and diesel in 2022, under a draft plan now being reviewed by the White House Office of Management and Budget.