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Exclusive: EPA to unveil less ambitious U.S. biofuel credit reform - sources
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Exclusive: EPA to unveil less ambitious U.S. biofuel credit reform - sources
President Donald Trump had instructed the EPA to develop the plan to reform the multi-billion-dollar market as a way to help the oil refining industry, which had long complained that speculation was driving up costs for the credits they must acquire to comply with the nation's biofuel law. Trump had asked that the EPA's reform be finalized prior to June 1 to coincide with the agency’s move to expand sales of gasoline blended with higher levels of corn-based ethanol, or E15, a measure meant to help farmers by expanding the market for corn. It is unclear whether a narrowed-down version of the market reform plan will limit the intended benefits to refiners.
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