Ethanol Waiver

Story Published: May 5, 2008 at 10:17 AM EDT

Story Updated: May 5, 2008 at 10:17 AM EDT

Senate Republicans want the Environmental Protection Agency to consider waiving the country's ethanol
production mandate amid rising food prices.
Twenty-two Republican senators, including presidential candidate Sen. John McCain of Arizona, have sent a letter to the EPA. They
said the agency has the authority to waive, or restructure, a law
passed by Congress requiring a five-fold increase in U.S. ethanol production by 2022.
Lawmakers are ramping up questions about the potential unintended consequences of using corn for fuel amid rising global
demand for food.
Shares of VeraSun Energy Corp. fell 12 cents, or 1.75 percent, to $6.75.

This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.