Greenwire: U.S. EPA has proposed taking back its 2011 cellulosic biofuel target and refunding oil companies nearly $5 million for their costs in trying to meet it.
The proposal -- which was buried in Friday's 204-page proposed rule setting next year's renewable fuel targets -- hands another win to oil companies, which are currently challenging the 2011 target in court.
EPA says it used the same process to develop the 2011 target of 6.6 million gallons as it did the standard for last year, which a federal...