"U.S. Appeals Court Rejects Challenge To 2013 Renewable Fuel Standard"

"A U.S. appeals court on Tuesday threw out an oil industry challenge to the Obama administration's 2013 biofuel mandate, ruling that the government has "wide latitude" to decide whether to modify renewable fuel use targets, and by how much.

The U.S. Court of Appeals for the District of Columbia Circuit rejected arguments from refiners that the Environmental Protection Agency had not thoroughly considered how renewable fuel credits are used to satisfy federal targets.

The ruling could have broad implications for the biofuel mandate, as various groups weigh challenges to EPA's management of the program. The EPA's final 2014 quotas are due out in June."

Ayesha Rascoe and Cezary Podkul report for Reuters May 6, 2014.

Source: Reuters, 05/07/2014