EXCLUSIVE Biden considers giving refiners relief from U.S. biofuel laws, sources say – Reuters

  • Date: 16-Jun-2021
  • Source: Reuters
  • Sector:Economy
  • Country:Gulf
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EXCLUSIVE Biden considers giving refiners relief from U.S. biofuel laws, sources say – Reuters

NEW YORK, June 11 (Reuters) - President Joe Biden's administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates, three sources familiar with the matter said.

The issue pits two of the administration's important political constituencies against each other: blue-collar refinery workers and farmers who depend on biofuel mandates to prop up a massive market for corn.

It could prompt an about-face for the administration, which had been rolling back former President Donald Trump's dramatic expansion of waivers for U.S. refiners from the Renewable Fuel Standard.