Parts of ethanol fuel plan likely a bust, science panel says

The federal requirement for consuming 36 billion gallons of ethanol and other so-called biofuels annually by 2022 probably won't be met, and it might not reach its goal of cutting greenhouse gases even it were met, according to a report requested by Congress and published Tuesday by the National Academy of Sciences.

Meeting the standard "would likely increase federal budget outlays as well as have mixed economic and environmental effects," according to a summary.