EPA Proposes Biofuel Mandate Cut In Win For Oil Refiners ...Middle East

The Environmental Protection Agency has proposed a retroactive reduction in biofuel mandates, effective 2020, in very welcome news to oil refiners who have been complaining of the costly mandates. Citing two unnamed sources familiar with the proposal, Reuters reports that the document was sent to the White House to be reviewed on Thursday, adding that it will likely deepen the rift between oil refiners and biofuels producers whose interests are at complete odds in the fuel blending department. "The proposal aims to get the (Renewable Fuel Standard)…

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