Biofuel policy delays lead to $13.7B investment ‘shortfall’

Delays in the Obama administration setting ethanol and biodiesel blending mandates have resulted in a $13.7 billion “shortfall” in investments, an industry group said.

The Biotechnology Industry Organization (BIO) puts the blame for the lack of spending squarely on the Environmental Protection Agency (EPA) for delaying the annual regulations it is supposed to write to tell gasoline and diesel refiners how much biofuel to put into their fuels, it said Monday.»