<p>环保署仍在审查意见；预计年底前不会做出决定</p>
<p>延迟将配额纳入更广泛的石油 - 农业政策谈判</p>
<p>不确定性使合同、对冲和投资决策变得复杂</p>
<p>作者：贾雷特·伦肖</p>
<p>12 月 12 日（路透社）- 根据三位熟悉情况的消息人士，特朗普政府预计在今年年底之前不会最终确定 2026 年的生物燃料混合配额，这使得石油和农业两个竞争行业密切关注的政策面临不确定性。</p>
<p>这一放缓将把政府最重要的能源政策选择之一推迟到明年，并将备受期待的配额纳入白宫正在考虑的日益复杂的生物燃料政策决策中。</p>
<p>综合来看，这些举措提高了人们的预期，即政府可能寻求在竞争的石油和农业利益之间达成更广泛的——尽管难以实现的——协议。</p>
<p>环保署负责生物燃料政策，消息人士告诉路透社，环保署已安排在下个月与利益相关者就配额规则进行会议，这表明该问题将被推迟到明年。</p>
<p>第三位消息人士也表示，环保署在今年年底之前做出决定的可能性不大。</p>
<p>消息人士在谈及此事时要求匿名。</p>
<p>环保署告诉路透社，它仍在审查公众对体积要求的意见，并拒绝提供任何时间上的指导。体积要求是在可再生燃料标准（RFS）下管理的，这是一个联邦项目，要求将生物燃料（如乙醇和生物柴油）混入美国燃料供应中。</p>
<p>最终确定这些要求的延迟很重要，因为燃料制造商、农民和商品交易商利用这些要求来锁定供应合同、对冲波动的农作物和能源市场，并为新生产能力的投资提供依据。</p>
<p>在对明年配额没有明确指引的情况下，企业表示他们被迫推迟交易并延迟影响生物燃料产量和利润的支出决策。</p>
<h3>白宫寻求共同立场</h3>
<p>今年早些时候，环保署提议提高 2026 年和 2027 年的可再生燃料总要求，显著增加对先进生物燃料和生物质柴油目标的要求，同时收紧对进口生物燃料的使用规则。</p>
<p>环保署最初预计将在 10 月底之前最终确定该提案。</p>
<p>这些配额越来越多地被纳入政府在未来几周内考虑的一系列关键能源和农业政策决策中——这些问题在单独看来似乎是分开的，但可能作为竞争的石油和农业利益之间更广泛交易的一部分相互关联，消息人士表示。这些问题包括立法努力，允许全年销售含有更高乙醇混合物的汽油、对进口生物燃料和原料的惩罚提案，以及尚未解决的问题，即更大炼油厂是否以及如何被要求弥补从 RFS 中豁免的加仑。白宫最近几周与石油和农业团体举行了几次会议，希望找到共同立场。</p>
<p>当被问及这些问题是否越来越相互关联时，环保署表示它 “致力于加强美国能源安全和支持美国农民。”</p>

<p>特朗普政府不太可能在今年最终确定 2026 年的生物燃料混合配额，这使得石油和农业部门面临不确定性。环保署仍在审查意见，并已安排明年的利益相关者会议。这一延迟使得合同、对冲和投资决策变得复杂。政府可能会寻求石油和农业利益之间的更广泛协议，环保署提议在 2026 年和 2027 年提高可再生燃料的要求</p>

<p>EPA still reviewing comments; no end-of-year decision expected</p>
<div class="lb-trans"><p>环保署仍在审查意见；预计年底前不会做出决定</p>
</div><p>Delay folds quotas into broader oil-agriculture policy talks</p>
<div class="lb-trans"><p>延迟将配额纳入更广泛的石油 - 农业政策谈判</p>
</div><p>Uncertainty complicates contracts, hedging, and investment decisions</p>
<div class="lb-trans"><p>不确定性使合同、对冲和投资决策变得复杂</p>
</div><p>By Jarrett Renshaw</p>
<div class="lb-trans"><p>作者：贾雷特·伦肖</p>
</div><p>Dec 12 (Reuters) - The Trump administration is not expected to finalize 2026 biofuel-blending quotas before the end of this year, according to three sources familiar with the situation, extending uncertainty over a policy closely watched by the rival oil and agricultural sectors.</p>
<div class="lb-trans"><p>12 月 12 日（路透社）- 根据三位熟悉情况的消息人士，特朗普政府预计在今年年底之前不会最终确定 2026 年的生物燃料混合配额，这使得石油和农业两个竞争行业密切关注的政策面临不确定性。</p>
</div><p>The slowdown would throw one of the administration’s most consequential energy policy choices into next year and folds the highly anticipated quotas into a growing cluster of interlocking decisions the White House is weighing on biofuels policy.</p>
<div class="lb-trans"><p>这一放缓将把政府最重要的能源政策选择之一推迟到明年，并将备受期待的配额纳入白宫正在考虑的日益复杂的生物燃料政策决策中。</p>
</div><p>Together, the moves have raised expectations the administration may look to strike a broader - albeit elusive - agreement between rival oil and agricultural interests.</p>
<div class="lb-trans"><p>综合来看，这些举措提高了人们的预期，即政府可能寻求在竞争的石油和农业利益之间达成更广泛的——尽管难以实现的——协议。</p>
</div><p>The Environmental Protection Agency, which administers biofuels policy, has scheduled meetings with stakeholders on the quota rule early next, two sources told Reuters, a sign that the issue will be pushed into next year.</p>
<div class="lb-trans"><p>环保署负责生物燃料政策，消息人士告诉路透社，环保署已安排在下个月与利益相关者就配额规则进行会议，这表明该问题将被推迟到明年。</p>
</div><p>A third source also said the EPA’s decision was unlikely by the end of this year.</p>
<div class="lb-trans"><p>第三位消息人士也表示，环保署在今年年底之前做出决定的可能性不大。</p>
</div><p>The sources spoke about the matter on condition of anonymity.</p>
<div class="lb-trans"><p>消息人士在谈及此事时要求匿名。</p>
</div><p>The EPA told Reuters it was still reviewing public comments on the volume requirements and declined to offer any guidance on timing. The volume mandates are administered under the Renewable Fuel Standard (RFS), the federal program that mandates the blending of biofuels such as ethanol and biodiesel into the U.S. fuel supply.</p>
<div class="lb-trans"><p>环保署告诉路透社，它仍在审查公众对体积要求的意见，并拒绝提供任何时间上的指导。体积要求是在可再生燃料标准（RFS）下管理的，这是一个联邦项目，要求将生物燃料（如乙醇和生物柴油）混入美国燃料供应中。</p>
</div><p>A delay in finalizing the mandates is important because fuel makers, farmers and commodity traders use them to lock in supply contracts, hedge volatile crop and energy markets, and justify investments in new production capacity.</p>
<div class="lb-trans"><p>最终确定这些要求的延迟很重要，因为燃料制造商、农民和商品交易商利用这些要求来锁定供应合同、对冲波动的农作物和能源市场，并为新生产能力的投资提供依据。</p>
</div><p>Without clarity on next year’s quotas, companies say they are forced to hold back on deals and delay spending decisions that shape biofuel output and margins.</p>
<div class="lb-trans"><p>在对明年配额没有明确指引的情况下，企业表示他们被迫推迟交易并延迟影响生物燃料产量和利润的支出决策。</p>
</div><h3>WHITE HOUSE LOOKS FOR COMMON GROUND</h3>
<div class="lb-trans"><h3>白宫寻求共同立场</h3>
</div><p>Earlier this year, the EPA proposed raising total renewable fuel requirements for 2026 and 2027, significantly increasing targets for advanced biofuels and biomass-based diesel targets while tightening rules on the use of imported biofuels.</p>
<div class="lb-trans"><p>今年早些时候，环保署提议提高 2026 年和 2027 年的可再生燃料总要求，显著增加对先进生物燃料和生物质柴油目标的要求，同时收紧对进口生物燃料的使用规则。</p>
</div><p>The EPA had initially been expected to finalize the proposal by the end of October.</p>
<div class="lb-trans"><p>环保署最初预计将在 10 月底之前最终确定该提案。</p>
</div><p>The quotas have increasingly been swept into a broader set of critical energy and agricultural policy decisions the administration is weighing in the coming weeks - issues that appear separate on their own but could be linked as part of a wider bargain between rival oil and agricultural interests, the sources said. Those issues include legislative efforts to allow year-round sales of gasoline containing higher blends of ethanol, a proposal to penalize imported biofuels and feedstocks, and unresolved questions over whether and how larger refiners could be required to make up for gallons exempted from the RFS. The White House has held several meetings in recent weeks with oil and agricultural groups in hopes of finding common ground.</p>
<div class="lb-trans"><p>这些配额越来越多地被纳入政府在未来几周内考虑的一系列关键能源和农业政策决策中——这些问题在单独看来似乎是分开的，但可能作为竞争的石油和农业利益之间更广泛交易的一部分相互关联，消息人士表示。这些问题包括立法努力，允许全年销售含有更高乙醇混合物的汽油、对进口生物燃料和原料的惩罚提案，以及尚未解决的问题，即更大炼油厂是否以及如何被要求弥补从 RFS 中豁免的加仑。白宫最近几周与石油和农业团体举行了几次会议，希望找到共同立场。</p>
</div><p>Asked whether these issues are becoming increasingly connected, the EPA said it is “committed to strengthening American energy security and supporting American farmers.”</p>
<div class="lb-trans"><p>当被问及这些问题是否越来越相互关联时，环保署表示它 “致力于加强美国能源安全和支持美国农民。”</p>
</div>

消息人士表示，特朗普政府今年可能无法最终确定 2026 年的生物燃料配额