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Iowa Governor Terry Branstad, backed by state corn-grower and renewable-fuels associations and the Washington-based biofuels lobby Growth Energy, on Thursday formed America’s Renewable Future, to make the Renewable Fuels Standard an issue in the 2016 race.
The federal government is already seven months late in setting biofuel quotas for 2014, with the risk that tardiness will translate into volatile gasoline prices, the oil industry’s leading trade group said Wednesday.
Unless President Barack Obama wants to give a big gift to “Big Oil,” he needs to personally intervene in a fight over the nation’s renewable fuels policy, a Republican Sen. Chuck Grassley said Tuesday.
A summit Thursday on the nation’s renewable fuels policy is set to draw a crush of farmers, politicians, engineers and oil industry lobbyists all eager to criticize an Obama administration plan to slash federal biofuels quotas.
The Environmental Protection Agency on Friday proposed cutting the amount of renewable fuels that petroleum producers would be required to blend into gasoline and diesel next year, the first time the agency has lowered its annual target.
In a report issued Tuesday, former U.S. military leaders, cabinet secretaries and business leaders recommend ways the United States can pare America’s vulnerability to oil price hikes, by giving alternatives a chance to compete with gasoline and ending “oil’s virtual monopoly as a transportation fuel.”
Oil companies are asking the Obama administration to reconsider renewable fuel quotas for the year that they said were “unrealistic.”
United Airlines on Tuesday announced it has committed to buy at least 15 million gallons of renewable jet fuel for use on flights out of its Los Angeles hub, marking a potentially major breakthrough in the commercial aviation industry’s quest to pare carbon dioxide emissions.
A federal mandate for renewable fuels is doing nothing to slash greenhouse gas emissions, according to the oil industry’s biggest trade group.