Court was right to strike cellulosic requirements, WSJ says

01/29/2013 | Wall Street Journal, The

The U.S. Circuit Court of Appeals for the District of Columbia was correct in ruling against federal requirements that oil refiners purchase cellulosic ethanol, because not enough is being produced, according to The Wall Street Journal's editorial board. "In writing the law, Congress included a safety valve and told the EPA to set the mandate to meet 'the projected volume available' in the event of a shortfall. But the EPA nonetheless argued that accurate projections would undermine 'the objective of promoting growth in the industry' and creating 'the appropriate economic conditions for the cellulosic biofuel industry to grow,' " the board writes.

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