Exclusive-Biden considers giving refiners relief from US biofuel laws, sources say By Reuters – Investing.com

SourceInvesting.com
SectorEconomy
CountryGulf

2/2
© Reuters. FILE PHOTO: A gas pump selling E15, a gasoline with 15 percent of ethanol, is seen in Mason City, Iowa, United States, May 18, 2015. Over the past few months, privately held retailers Kum & Go and Sheetz have become the first significant chains to announc

2/2

By Jarrett Renshaw and Stephanie Kelly

NEW YORK (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.

The law requires them...read more...