Global Entrepreneurship Week (GEW) officially kicks off Monday to celebrate and recognize self starters and innovators with activities and events to challenge new faces on the start-up scene.
The Environmental Protection Agency (EPA) is recommending a reduction in the minimum amount of biofuel that must be blended into transportation fuel, according to an EPA document leaked last month.
A revised Renewable Fuel Standard (RFS) mandate would reduce the level of corn ethanol from 14.4 billion gallons a year to an amount between 12.36 billion and 13.18 billion gallons, the document states. The total renewable volume obligations (RVO) for biofuel would drop to 15.21 billion gallons, a reduction of nearly 3 billion gallons.
The agency’s apparent call for reducing the RVO seems to be a response to Big Oil’s argument that the U.S. fuel chain cannot absorb more ethanol.
Having been forced to cede 10 percent of their gasoline revenues to biofuel suppliers, oil companies are not only doing all they can to keep that number from going up as scheduled over the next eight years, but they are actually trying to roll the number back. Read more