Breaking News
LAST CHANCE for Cyber Monday SALE: Up to 54% off InvestingPro! Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Bipartisan U.S. bill aims to expand sales of ethanol after court ruling

CommoditiesJul 14, 2021 11:35AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: A sign advertising E15, a gasoline with 15% of ethanol, is seen at a gas station in Clive, Iowa, United States, May 17, 2015. REUTERS/Jim Young/File Photo

By Stephanie Kelly

NEW YORK (Reuters) -A bipartisan group of U.S. senators on Wednesday introduced legislation that would increase access to gasoline with a higher ethanol blend, after a recent court decision knocked down a Trump-era rule that had allowed expanded sales of the fuel.

The bill is an attempt to boost demand for corn-based ethanol and inject certainty into a market that was rocked by the court ruling. The bill would extend a waiver that would allow year-round sales of a 15% ethanol fuel blend known as E15.

The Environmental Protection Agency extended a similar waiver in 2019. However, the U.S. Court of Appeals for the District of Columbia Circuit ruled in early July that the EPA exceeded its authority by lifting the summertime restrictions on the sale of E15.

Senators Deb Fischer, a Republican from Nebraska, and Amy Klobuchar, a Democrat from Minnesota, led the group of lawmakers introducing the bill on Wednesday.

Separately, in the House of Representatives, Angie Craig, a Democrat who represents Minnesota, and Adrian Smith, a Republican who represents Nebraska, also introduced a bill this week that would ensure the EPA could grant waivers allowing year-round sales of the blend.

"The recent D.C. Circuit Court ruling was a major blow to farmers and ethanol producers, and further highlighted the need to provide them with certainty," Fischer said in a statement.

The lawmakers also pushed the idea that higher ethanol fuel blends should be part of the United States' solution in reducing carbon dioxide emissions.

"It's critical that we pass this bipartisan legislation to continue this progress and stay on the path to a greener future," said Klobuchar, adding that the United States must diversify its fuel supply to drive down emissions.

A slew of biofuel and corn producer groups applauded the legislation. Following the court ruling, the groups had vowed to work to ensure that E15 sales would continue.

"We will continue to work with our Congressional champions to see this legislation through, and fight to give Americans an opportunity to make a positive impact on the environment by filling up on earth friendly fuel blends like E15,” said Growth Energy CEO Emily Skor in a statement.

Fischer had previously introduced the legislation, known as the Consumer and Fuel Retailer Choice Act, in 2017, before the EPA extended a waiver.

Bipartisan U.S. bill aims to expand sales of ethanol after court ruling
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (2)
Fred Smith
Fred Smith Jul 14, 2021 5:56PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Ethanol ruins engines, lowers MPG, raises world good prices AND requires more energy to produce. Say NO to corporation farming greed!
Fred Smith
Fred Smith Jul 14, 2021 5:54PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Wow!! Dems wanting to reinstate Trump policy!!!
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email