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Shining Light on Farm & Food Policy for 20 Years.
Sunday, August 18, 2024
Ethanol champions are pushing the Biden Administration to place additional pressure on Brazil as they seek to loosen tariffs that have sent U.S. exports of the biofuel to the South American nation into a tailspin.
The key committee provisions in the $3.5 trillion reconciliation package show that Democrats in Congress are in line with President Joe Biden’s vision to put electric vehicles — not biofuels — at the forefront of the fight against climate change.
Conventional corn ethanol and other biofuels could qualify for a new clean fuel production tax credit being advanced by Senate Democrats, but the products will have to meet increasingly tougher standards for reducing greenhouse gas emissions over the next decade.