photo by Joe Lencioni
A few months ago, citing rising corn prices hurting his state’s livestock industry and which he linked to Federal ethanol-blending requirements, Texas governor Rick Perry filed a waiver request with the EPA to reduce the Renewable Fuel Standards requirement by half.
Next Years’ Biofuel Requirement Stays at 11.1 Billion Gallons
Today the EPA has announced that is has denied this request. The total volume of biofuels (both ethanol and biodiesel) which are mandated to be blended into the fuel supply will remain at 9 billion gallons in 2008 and 11.1 billion gallons in 2009.
EPA administrator Stephen Johnson:
After reviewing the facts, it was clear this request did not meet the criteria in the law. The RFS remains an important tool in our ongoing efforts to reduce America’s greenhouse gas emissions and lessen our dependence on foreign oil, in aggressive yet practical ways.
Under current law, the EPA can grant a waiver if it determines that the mandated biofuel requirement would cause "severe harm" to the economy or environment.