EPA Denies Texas Biofuels Waiver

Law360, New York (August 7, 2008, 12:00 AM EDT) -- Amid concerns over skyrocketing grain prices, the U.S. Environmental Protection Agency has denied the state of Texas' request for a waiver from the Renewable Fuels Standard, which mandates the use of biofuels such as corn-based ethanol.

The EPA announced Thursday that the Lone Star State had failed to show that the required biofuel volumes under the RFS would inflict “severe harm” to its economy or environment, the threshold the agency uses to grant waivers.

“The agency recognizes that high commodity prices are having economic impacts, but...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.