Please try another search
© Reuters. FILE PHOTO: The White House is seen the morning after U.S. President Joe Biden returned from a trip to Brussels and Poland to meet with NATO leaders in Washington, U.S., March 27, 2022. REUTERS/Joshua Roberts
2/2
By Stephanie Kelly
NEW YORK (Reuters) - The U.S. Environmental Protection Agency has sent a rule on U.S. biofuel blending mandates to the White House for final review, according to a notice posted by the Office of Management and Budget.
The oil and biofuel industries, which have in the past been at odds over the requirements, have been eagerly waiting for the EPA to finalize the mandates. The EPA action comes as the United States faces high gas prices and as companies recover from the coronavirus pandemic.
The EPA, which administers the U.S. Renewable Fuel Standard (RFS), released a proposed rule in December on the blending volumes, which cover the years 2020, 2021 and 2022.
It is unclear whether the volumes sent are at the same levels as the proposal from December. The OMB received the rule on Friday, according to the notice.
In the proposed rule in December, the EPA would retroactively set total renewable fuel volumes at 17.13 billion gallons for 2020. That was down from a previously finalized rule for the year of 20.09 billion gallons, set before the onset of the pandemic.
It set volumes at 18.52 billion gallons for 2021 and 20.77 billion gallons for 2022.
Both the 2020 and 2021 figures mark a reduction from 2019, when the EPA had required refiners to blend 19.92 billion gallons of biofuels in the nation's fuel mix, but the 2022 proposal marks an increase.
Reuters reported last week that the EPA was expected to send the rule to the White House for final review.
By Gwladys Fouche and Nora Buli OSLO (Reuters) - Norwegian offshore workers on Tuesday began a strike that will reduce oil and gas output, the union leading the industrial action...
ABUJA (Reuters) - The European Union (EU) and its development finance institutions will provide Nigeria with 1.29 billion euros ($1.3 billion) to help Africa's most populous...
By Noah Browning LONDON (Reuters) -Oil rose on Monday as supply concerns driven by lower OPEC output, unrest in Libya and sanctions against Russia outweighed fears of a...
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.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
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.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.