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Shining Light on Farm & Food Policy for 20 Years.
Sunday, December 29, 2024
A top biofuels proponent on Capitol Hill spoke with the leader of the Biden administration’s governance of the industry Monday and says he received a commitment to grow the industry.
The Environmental Protection Agency is proposing a retroactive cut to previously established volumetric targets under the nation’s biofuel mandate while leaving room for increases going forward.
The House ventures into the debate over livestock pricing this week, taking up a bill that would require USDA to compile data on cattle contracts, while congressional Democratic leaders try to find a way to raise the debt ceiling and finalize a Senate deal on their Build Back Better plan.
When President Joe Biden was sworn into office, the biofuels industry had a handful of campaign trail quotes in its back pocket and a fresh sense of optimism about the federal government’s governance of the biofuels mandate. So far, that optimism hasn’t been met with corresponding action.
Lawmakers joined biofuel industry officials in ripping the Environmental Protection Agency for delays in releasing its biofuel blending mandates, with one Republican congressman saying it comes close to qualifying as a “broken campaign promise.”
The Biden administration is considering a multi-year reduction to the nation’s biofuel mandate, a move that would surely anger farmers and biofuel interests hoping to see stronger support for the program.
