The Trump administration is out with a plan to address concerns over the use of biofuel mandate waivers, ending one chapter of the saga but setting the stage for new battles in the ever-turbulent debate.
The plan, announced Friday morning, would launch a rulemaking effort to allow the Environmental Protection Agency to reallocate gallons of biofuel production waived through Small Refinery Exemptions to the Renewable Fuel Standard. But absent from the announcement were rumored additional volumes for the biofuels industry or language to refund or rebate refiners if the price for biofuel mandate credits exceeds a certain threshold. Read more