A grain transport truck is loaded up with corn, harvested in the fall of 2007, in Curran, Ill., Friday, March 14, 2008. Food prices have come under pressure because of the increased demand for corn in ethanol production. (AP Photo/Seth Perlman)
Washington (AP) 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 John McCain, 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.
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