The Environmental Protection Agency on Friday unveiled a proposal that would lower the annual requirement for ethanol used in gasoline, sending corn prices lower. The EPA said it plans to require that refiners blend 15.2 billion gallons of renewable fuel, mostly ethanol, into U.S. gasoline supplies next year. The new requirement would be 16% less than what Congress wrote into a 2007 law. The agency has the ability to trim the mandate. The ethanol program has undergone intense scrutiny this week in the wake of an investigative report from the Associated Press, which suggested the government’s support of ethanol is having an adverse effect on land set aside for conservation. The EPA’s latest proposal will be open to 60 days of public comment. It would then be made final in the spring of 2014.
It would then be made final in the spring of 2014
I'm trying to think...isn't 2014 an election year?
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