Biofuels Industry Braces Ahead Of EPA Emissions Report

TradingMarkets.com
Mon. November 03, 2008; Posted: 04:41 PM

WASHINGTON, Nov 03, 2008 (Dow Jones Commodities News Select via Comtex) -- By Siobhan Hughes Of DOW JONES NEWSWIRES

The U.S. Environmental Protection Agency will soon release an analysis of greenhouse-gas emissions produced by biofuels, prompting industry fears that the report will curb development by painting biofuels as an environmental threat.

Early last month, representatives from Archer Daniels Midland Co. (ADM), DuPont Co. (DD) and the Biotechnology Industry Organization met with White House officials to air their concerns. Environmental groups sat down with White House officials two weeks later to support the EPA's approach.

The EPA determines which fuels are lower-emitting by looking to the entire life cycle of biofuels, from planting crops to distributing fuel. The controversy involves whether the EPA should factor in the ripple effects around the world of converting farms, pastures and other land into sources of biofuels.

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