Sunday, November 18, 2012

EPA won't waive ethanol mandate for gasoline

The Environmental Protection Agency has decided to move forward with a mandate for corn ethanol in gasoline, denying requests to suspend the requirement following a drought that drove up corn prices. The EPA said Friday its renewable-fuel standard was not causing economic harm. The agency said it had determined that suspending the standard would reduce corn prices by only 1%. In the midst of a drought this year, livestock producers complained that the mandate for corn ethanol was driving up demand for dwindling supplies of corn...more

Another "after the election" decision. 

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