New York | Reuters — U.S. President Donald Trump told a group of senators on Tuesday he is considering allowing exported ethanol to count toward the volumes mandated under the nation’s biofuels law, a move intended to appease both Big Oil and Big Corn by cutting the refiners’ regulatory costs while preserving demand for corn. […] Read more
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Trump said considering counting ethanol exports toward quotas
Corn-state senators seek Trump meeting as biofuel changes loom
Reuters — A group of senators from U.S. corn states have asked President Donald Trump for a meeting about the nation’s biofuels law, amid expectations the administration will soon act to lower the regulation’s costs to the oil refining industry. The group of Republican senators wrote a letter to Trump on Thursday in which they […] Read more
Cruz urges U.S. biofuel policy revamp at rally for bankrupt refiner
Philadelphia | Reuters — Republican Senator Ted Cruz of Texas on Wednesday urged President Donald Trump’s administration to push for an overhaul of the nation’s biofuels policy, during a rally at a Pennsylvania oil refinery that blames its bankruptcy on the controversial regulation. “We need a federal government that stands up for workers, not against […] Read more
Ethanol group, Icahn clash over details of U.S. biofuel negotiation
New York | Reuters — The head of the Renewable Fuels Association says billionaire investor Carl Icahn told him last week U.S. President Donald Trump was about to issue an order overhauling the U.S. biofuels program — something both Icahn and the White House have denied. Confusion over Trump’s plans for the Renewable Fuel Standard […] Read more
White House denies Trump order on biofuels program
Reuters — The White House on Tuesday denied that U.S. President Donald Trump planned to issue an executive order to change the national biofuels program, after the U.S. Renewable Fuels Association (RFA) said Trump’s team had informed the group an order was pending. Trading in U.S. refinery shares, fuel futures and corn prices was turbulent […] Read more
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