NEW: Biden EPA proposes boosting electric vehicles through biofuels program
The EPA announced a rulemaking Thursday proposing biofuel blending volume requirements for refiners for 2023-2025. The rulemaking also proposes new regulations covering the generation of renewable electricity made from renewable biomass that is used for transportation fuel in electric vehicles.Its rulemaking proposes the creation of an"eRIN" program, which derives its name from the RFS's existing regime of"Renewable Identification Numbers" for compliance.
The agency said it expects the incentive to use qualifying renewable electricity in electric vehicles"would, in turn, incentivize increased vehicle electrification that would continue to allow for increased generation of qualifying renewable electricity," and proposed implementing the program beginning in 2024.Biden has urged U.S. oil refiners to increase their capacity to manufacture gasoline, as limited capacity has constrained retail fuel markets and helped to drive prices higher.
The EPA said it's seeking comment on how its rulemaking rule"can intersect with continued viability of domestic oil refining assets, including merchant refineries," as well as how best to support emerging fuels like sustainable aviation fuels and hydrogen generated from non-emitting sources of electricity.
The EPA said its proposal would improve U.S. energy security and enable the reduction in oil imports by some 160,000 to 180,000 barrels of oil per year between 2023 and 2025.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden spokesman pressed on Apple-China, Musk-Twitter disparate treatment as Biden muted on protestsMartha MacCallum pressed Ret. Adm. John Kirby on the Biden administration's apparent double standard regarding treatment of Apple and Twitter on 'The Story.'
Read more »
Former Hunter Biden business partner snagged jobs in Trump, Biden administrationsA senior adviser at a business firm founded by the president’s embattled son Hunter Biden landed Commerce Department appointments under both the Trump and Biden administrations.
Read more »
Denver gets go-ahead from EPA after progress on lead pipesThe Environmental Protection Agency on Thursday approved a nearly $700 million plan to remove all lead water pipes in the Denver region, saying the local water utility’s approach for reducing lead levels is succeedings and making swift progress
Read more »
US EPA proposes higher biofuel blending volumes, EV programThe U.S. Environmental Protection Agency proposed on Thursday increases in the amount of ethanol and other biofuels that oil refiners must blend into their fuel over the next three years.
Read more »
EPA proposes raising biofuel blending in 2023 and beyond in win for corn lobbyThe Environmental Protection Agency proposed raising the volumes of ethanol and biodiesel in the nation's fuel supply to new highs in 2023 and subsequent years, reflecting President Joe Biden's support for renewable transportation fuels.
Read more »