Topics: biofuels

Manchin, Schumer Announce Deal on Inflation Reduction Act, Which Harms Industry

Sen. Joe Manchin (D-W.Va.) and Senate Majority Leader Chuck Schumer (D-NY), along with President Biden, on July 27 announced a deal on a $740 billion reconciliation bill. The more than 700-page bill includes a broad energy tax title that will rework existing biofuel and alternative fuel incentive structures for the next several years, as well as health and tax components. The Senate intends to vote on the legislation next week, with the House likely soon thereafter. More

EPA Administrator Testifies on RFS Waivers

Environmental Protection Agency (EPA) Administrator Scott Pruitt testified before the House Energy and Commerce Committee on April 26 that the agency received more than 50 waiver petitions for small refineries to get out of their Renewable Fuel Standard requirements for the 2016 and 2017 compliance years. EPA has come under fire for abusing the waivers to quietly undercut the RFS after the agency exempted one of the nation’s largest oil refining companies from complying with the U.S. biofuels regulation. More

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