OIL INDUSTRY LOSES VS U.S. EPA ON ETHANOL STANDARD
WASHINGTON, Dec 21 (Reuters) - A federal appeals court on Tuesday rejected a challenge from U.S. oil companies and refiners against the U.S. Environmental Protection Agency for retroactively imposing ethanol blending levels and volume requirements for gasoline sales.
Federal law requires the EPA to set by Nov. 30 each year the amount of ethanol that must make up U.S. gasoline sales for the following year. For 2010, biofuels have to account for 8.25 percent of gasoline sales.
U.S. ETHANOL INDUSTRY FACES SUBSIDY BATTLE NEXT YEAR
WASHINGTON, Dec 17 (Reuters) - U.S. ethanol makers face a battle over reforming subsidies next year after current incentives are rolled over in the tax package signed into law by President Barack Obama on Friday.
The new law extends the 45-cents-per-gallon blenders' credit worth up to $6 billion a year and the 54-cents-per-gallon tariff on imports through 2011. It also revives through 2011 an incentive of $1.00 per gallon for the smaller biodiesel industry which expired at the end of 2009.
US AUTOMAKERS SUE EPA OVER HIGHER ETHANOL BLENDS
WASHINGTON, Dec 20 (Reuters) - U.S. auto and engine makers sued the Environmental Protection Agency on Monday for allowing higher blends of ethanol for newer cars, saying it could confuse consumers at fuel pumps and lead to engine damage in older vehicles.
The suit, the second major legal challenge to the EPA on higher ethanol blends in as many months, asks the federal appeals court in Washington to send the decision back to the EPA and to review whether the decision violates the Clean Air Act.
US SENATE VOTES TO EXTEND ETHANOL SUBSIDY FOR 2011
WASHINGTON, Dec 15 (Reuters) - The U.S. Senate on Wednesday voted in favor of a one-year extension of the ethanol tax credit and the ethanol import tariff at existing rates, despite complaints the subsidies were wasteful.
The bill will be welcomed by the struggling ethanol industry and by American farmers who supply the corn to produce the fuel that is blended into automotive gasoline.
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