NEWS
Fri Nov 15, 2013 02:02 PM CST

WASHINGTON (Dow Jones) -- The Environmental Protection Agency on Friday proposed for the first time to ease an annual requirement for ethanol in gasoline, acknowledging that mandated levels specified in a 2007 law are difficult, if not impossible, to meet.

The EPA is asking refiners in 2014 to blend 15.2 billion gallons of renewable fuel -- most of it ethanol -- into U.S. gasoline supplies. That is about 16% less than what Congress specified in a 2007 renewable fuels law. The law gives EPA the ability to lower the requirement.

The move represents one of the biggest setbacks to date ...

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