Chain restaurants call for change in alternative fuel policy

12/4/2012 | Voice of America

A group of chain restaurants is calling for the repeal of the Renewable Fuel Standard, saying the use of corn for ethanol is driving up food prices. "Ethanol diverts a significant share of the U.S. corn crop each year," said University of Missouri economist Pat Westhoff. "And, by doing so, it makes corn prices higher than they otherwise would be." Bob Dinneen, president and CEO of the Renewable Fuels Association, said the Environmental Protection Agency recently refused a petition for an RFS waiver because doing so would have little effect on corn prices.

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