Thursday, November 22, 2012

EPA Denies Renewable Fuels Standard Waiver Requests
Washington--The Environmental Protection Agency on Friday announced the agency has not found evidence to support a finding of severe “economic harm” that would warrant granting a waiver of the Renewable Fuels Standard. According to an announcement on EPA’s website, the decision is based on economic analyses and modeling done in conjunction with the Agriculture and Energy Departments.

On average, waiving the mandate would only reduce corn prices by approximately 1 percent, according studies done in conjunction with USDA. Economic analyses of impacts in the energy sector, conducted with DOE, showed that waiving the mandate would not affect household energy costs.

Farm Bureau submitted comments to EPA urging that the agency not grant requests to lift the RFS.

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