US airlines back ethanol industry position on aviation fuel credit

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Explore stories from Atlantic Canada.

WASHINGTON - Major U.S. airlines and aviation companies joined ethanol companies to send a letter to the Biden administration on Wednesday backing a regulatory change that would make it easier for sustainable aviation fuel made from corn-based ethanol to qualify for federal subsidies.

Airlines including Delta , JetBlue , and Southwest , and companies like GE Aerospace and Boeing , said in the letter to Treasury Secretary Janet Yellen that the administration should allow the use of the Department of Energy's Greenhouse Gases, Regulated Emissions and Energy Use in Technologies model in addition to the one developed by ICAO, echoing a request from the ethanol industry.

Environmental groups argue, however, that the GREET model underestimates ethanol's emissions, particularly those associated with clearing land to grow the crops required to make ethanol. The letter comes the same day Biden and his administration kick off a two-week focus on rural America, starting with a visit to Minnesota on Wednesday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

In the Market-Treasury market braces for seismic SEC ruleExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »