Today, news reports revealed that the EPA will pull back from its November 2013 proposal to reduce this year’s much fought-over Renewable Fuel Standard (RFS) blending targets. The RFS is federal program mandating transportation fuel sold in the U.S. contain a minimum volume of renewable fuel. CEI senior fellow Marlo Lewis, a longtime critic of this unrealistic and harmful mandate, commented on today’s news:
EPA’s more-than-year-long delay in finalizing the 2014 targets reveals what may be the most damning unintended consequence yet: market unpredictability. So now EPA has to make up the targets one year at a time. Worse, EPA’s decision is heavily influenced by interest-group lobbying. Each year’s target is a political football. Instead of creating a predictable market, the RFS has ushered in a reign of regulatory uncertainty.
> View the full commentary on Globalwarming.org: Renewable Fuel Standard: EPA Retreats from Cutbacks