Setting Aside The Renewable Fuel Standard Will Not Reduce Corn Prices

Biofuels are needed to help reduce fuel prices, which are the root cause of higher food prices, according to the available evidence. The Biotechnology Industry Organization submitted comments to the U.S. Environmental Protection Agency (EPA) opposing Texas Gov. Rick Perry’s (R) request for a waiver of 50 percent of the Renewable Fuel Standard (RFS) mandate for production of ethanol from grain.

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Filed under: Pharma Industry on June 30th, 2008