Issue 116 – Corn Producers Win Ruling
Introduction...”The closest thing to earthly eternal life is a government program,” President Ronald Reagan.
EPA Abandons Changes…The Environmental Protection Agency (EPA) backed away from series of proposed changes the biofuels policy amid backlash from corn-state lawmakers worried that the movies would reduce demand for biofuels. This according to a letter from the agency to lawmakers as seen by Reuters.
EPA Administrator Scott Pruitt said in a letter dated October 19 that the agency will keep renewable fuel volume mandates for the next year at or above proposed levels, reversing a previous move to open the door to cuts.
This EPA about-face is a big win for the biofuels industry and lawmakers from corn-states like Iowa, Nebraska, and Illinois.
The White House issued a statement hours after the Pruit letter was delivered to lawmakers expressing support for maintaining the renewable fuel plan.
In conclusion...The justification for this government give away, we’re told is that it would reduce pollution. However, cars are already 95% cleaner than they were in 1970, so there is no real befit here. Noting in the EPA change of heart had any consideration for “Environmental Protection.
References: Time To Cut Ethanol? “EPA abandons changes to biofuel program, dealing a blow to oil refiners and boosting corn states,” REUTERS, 20 October 2017