Case IH Power Tab

Farm Futures
   Search Site:   Saturday, May 26, 2012 | Bookmark This Site   
Skip Navigation Links
Home
Markets
News
Weather
Farm Futures NOW!
Magazine Online
RSS News
Land For Sale
Mobile
Subscribe
Reprints
Register
Login
About Us
Advertise
 
Share This
 

Senators Worry Over Renewable Fuels Standard Implementation

Letter to EPA urges that the RFS be administered to ensure continued growth of biofuels industry.
Compiled by staff 
Published: Jun 30, 2006

The renewable fuels standard included in the comprehensive energy bill passed in 2005 would require use of 8 billion gallons of renewable fuels by 2012 - a standard the country is well on its way to meeting. However, several Senators signed a letter sent to U.S. Environmental Protection Agency Administrator Stephen Johnson this week urging that the RFS be "properly administered to ensure continued growth of the biofuels industry," according to a press statement from lead letter author Sen. Tom Harkin, D-Iowa.

Harkin notes that the RFS was crafted to spur continued growth of the renewable fuels industry and that Congress "intended the RFS to help wean our country off foreign oil, stimulate the rural economy and improve the environment."

The letter from Harkin, and RFS original sponsor Sen. Richard Lugar, R-Ind., was also signed by Sens. Evan Bayh, D-Ind., Sam Brownback, R-Kan., Mike DeWine, R-Ohio, Byron Dorgan, D-N.D., Charles Grassley, R-Iowa, Tim Johnson, D-S.D., Barack Obama, D-Ill, Ken Salazar, D-Colo., and John Thune, R-S.D.

Under the RFS provision refiners and blenders have the flexibility to meet their fuel usage requirements through a system that allows those exceeding their targets to trade credits with refiners that are behind the curve. There are provisions that allow EPA's administrator to waive requirements under unusual circumstances including lack of supply or severe economic hardship to a state. But those provisions are worded to avoid creating loopholes that would limit biofuels use. The letter reiterates the importance of the carefully reached compromise and urged that RFS implementation maintain growth in the biofuels industry.

You can check out a copy of the letter by clicking HERE.



Permalink: Click here

Tagged: biofuels, EPA, Environmental Protection Agency

Comments
Read comments from others and share your own thoughts.
Please provide the answer to the following question:

 = 
 
Search this site:   

Read More Stories
USDA Seeks Comment on Report Timing
Read this storyWith new market hours,USDA is looking into the right time to release information to the market.
Read this story

Weekend Forecast Changes Pivotal for Grain Futures
Read this storyEurope remains a concern, but the big driver on Tuesday will likely be the state of next week’s anticipated Midwest rains.
Read this story

Farm Markets Rise Ahead of Holiday
Read this storyOvernight boost based on positive comments from Europe aimed at pressuring Germany.
Read this story

 
USDA Seeks Comment on Report Timing
Afternoon Recap by Arlan Suderman
Weekend Forecast Changes Pivotal for Grain Futures
The Buzz: Grain Market Chaos Continues
Weekly Fertilizer Review
Morning Call by Bryce Knorr
Satellite Imagery Shows the Good and the Bad
CRP Signup Results Announced
Farm Markets Rise Ahead of Holiday
Livestock Call By John Otte
Top 50 Tags
4-H afternoon recap American Farm Bureau Federation American Soybean Association animal health arlan suderman biodiesel biofuels bryce knorr BSE Bushel checkoff cotton Drought Environmental Protection Agency EPA ethanol Extension extension service farm farm bill Farm Bureau farm futures farm futures magazine farm futures market farm progress Farm Service Agency farmfutures farmfutures.com farming farmprogress.com fertilizer FFA free trade agreement Harvest insurance labor legal National Cattlemen's Beef Association National Corn Growers Association NCGA soybean soybean association soybeans SURE usda wheat winter wheat www.farmfutures www.farmfutures.com