Oil industry infighting heats up as EPA weighs biofuels rule change

24 Feb 2017   Biofuels

Oil companies showed deepening divides on the future of the U.S. biofuels program in solicited comments from the Environmental Protection Agency (EPA) over a plan sought by some refiners to shift the program’s financial burden to retailers and blenders. All sides are pushing hard, seizing the opportunity to test President Donald Trump’s commitment to the program. Trump has supported the program, but top figures in his administration have criticized it. Refiners, integrated oil companies, fuel retailers and biofuels manufacturers flooded the EPA with comments on its plan to deny requests from refiners to tweak the U.S. Renewable Fuel Standard (RFS) by pushing the compliance burden further downstream. Within the oil industry, the fight pits Valero Energy Corp and billionaire Carl Icahn against refiners like Marathon Petroleum Corp. Biofuels advocates are worried about losing progress into the U.S. fuel stream since lawmakers established the RFS program in 2005 under then […]

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