The United States Court of Appeals for the District of Columbia Circuit recently dealt "a blow to the biofuel industry Friday when it ruled the Environmental Protection Agency (EPA) must lower certain targets in a key biofuel-blending rule," according to the Hill. What was going on? "The rule require[d] refiners to blend 36 billion gallons of biofuel into traditional transportation fuel by 2022. Of that total, the EPA had called for refiners to blend 10.45 million ethanol equivalent gallons last year — but producers pumped out just 22,000. *** API said refiners were forced to buy credits for phantom gallons of cellulosic biofuel to meet the EPA’s targets. It said the EPA should bring its projections in line with actual production levels."
Apparently the court agreed.