It’s been a rare hallmark of bipartisanship in recent years, but the Obama Administration is now looking to scale back the once-promising biofuel law enacted during the Bush White House.
The move recognizes that consumers have shown little interest in filling up on ethanol – even as criticism of the renewable fuel grows, some critics contending the law may actually be doing as much harm as good to the environment.
The law passed in 2007 has required a steady increase in the use of ethanol – almost all of it currently being produced from corn. Last year, reports the federal Energy Information Administration, 13.3 billion gallons were blended into the nation’s gasoline supply, slightly ahead of the 13.2 billion gallon mandate. But the sale of E85 fuel, which uses 85% ethanol and just 15% of gasoline, has lagged expectations despite significant discounting at the pump.