June 30, 2023
Biden Administration Announces Funding for Homegrown Biofuels under Inflation Reduction Act
By Lynn L. Bergeson and Carla N. Hutton The U.S. Department of Agriculture announced on June 26, 2023, that it plans to invest up to $500 million from President Biden’s Inflation Reduction Act to increase the availability of domestic biofuels and “give Americans additional cleaner fuel options at the pump.” USDA notes that in December 2022, it made available $50 million in Inflation Reduction Act funding to expand the use and availability of higher-blend...