Biden Eases Biofuel Quota Blow to Farmers With Future Growth
- Agency seeks to deny dozens of refineries waivers from quotas
- Administration proposes to retroactively reduce 2020 targets
Photographer: David Paul Morris/Bloomberg
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The Biden administration sought to thread the needle between oil and agriculture interests by proposing modest quotas for the use of biofuels while seeking to block exemptions for dozens of refineries.
The U.S. Environmental Protection Agency on Tuesday called for cutting biofuel-blending quotas retroactively for 2020, while outlining targets for this year that track actual consumption and an increase in 2022 that could boost renewable fuel use by 3.5 billion gallons.