Monday, August 11, 2008

EPA rejects Perry plea on Ethanol

In a move that did little to quell the debate, the Environmental Protection Agency denied Perry's request to reduce by half this year's U.S. ethanol requirement — to 4.5 billion from 9 billion gallons.

Perry said the waiver was needed because rising U.S. ethanol output is inflating corn prices, wreaking havoc on the state's massive livestock industry and boosting grocery bills for American families.

But on Thursday, EPA Administrator Stephen Johnson said Perry's request had not proved the Renewable Fuel Standard, which sets ethanol quotas, is causing "severe economic harm," a requirement needed to justify a waiver.

[evidently we must be harmed 'severely' before anything can be done? government]

READ MORE

No comments: