White House OMB Reviews Final Changes To Standards For Renewable Fuels

On October 30, 2015, the U.S. Environmental Protection Agency (EPA) submitted a draft final rule for review to the White House Office of Management and Budget (OMB) that would reduce the amount of biofuels that must be blended into the fuel supply in 2014, 2015, and 2016 from statutory requirements, as reported by Bloomberg BNA's Daily Environment Report on November 3, 2015. Details of the proposal are not public. EPA is working toward a November 30, 2015, deadline established in a settlement with the American Petroleum Institute (API) and the American Fuel and Petrochemical Manufacturers (AFPM) to finalize volume requirements for 2014 and 2015.