NEW YORK — The Trump administration is expected to grant some oil refinery waivers that would exempt requirements to blend biofuels into their fuel mix for the 2019 compliance year, according to a Reuters report.
The move would be one of the last actions by President Donald Trump’s Environmental Protection Agency seeking to balance the competing desires of the biofuel and oil industries over biofuel blending laws.
Under the U.S. Renewable Fuel Standard, refiners must blend billions of gallons of biofuels like corn-based ethanol into their fuel mix, or buy credits from those that do.
Refiners can apply for exemptions if they can prove the obligations would cause them financial harm. A decision could come his week.
To read the full Reuters report, click here.