Biofuel Mandates Are a Bad Idea Whose Time May Be Up
By Thomas Landstreet | March 11, 2018
There’s bipartisan support for relaxing the 2005-07 mandate. It’ll have to get past Iowa’s GOP senators.
The political tide may be turning against the corn ethanol mandate. The Renewable Fuel Standard, which forces oil refiners to mix corn-based fuel into gasoline, is one of history’s great policy boondoggles. Even ex-Rep. Henry Waxman of California, a key sponsor of the original legislation establishing the standard, said Thursday that he favors phasing out the mandate.
There’s bipartisan support in Congress for such a move. Sen. Tom Udall (D., N.M.) and Rep. Peter Welch (D., Vt.) have introduced the Greener Fuels Act, and Sen….