Thursday, August 30, 2012

"Virginia Governor McDonnell Asks EPA for Ethanol Waiver" BloombergBussinessweek

"Virginia Governor Bob McDonnell asked the U.S. Environmental Protection Agency to suspend the nation’s ethanol requirement, citing high grain prices.
McDonnell follows lawmakers from both political parties who have called for a suspension of the mandate in the wake of the worst U.S. drought in 56 years, prompting the U.S. Agriculture Department to reduce its forecast for this year’s corn crop to 10.779 billion bushels.
The governors of North Carolina, Arkansas, Maryland, Texas, Delaware and Georgia have asked the Obama administration to halt the law, which requires refiners to use 13.2 billion gallons of ethanol this year and 13.8 billion in 2013."

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