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Trump administration tells oil and biofuels groups to hash out new biofuel policy

The Trump administration has instructed oil and biofuels groups to negotiate a new biofuel policy, aiming to resolve ongoing disputes over the Renewable Fuel Standard (RFS). This directive comes as part of an effort to balance the interests of both industries, which have been at odds over the blending mandates that require oil refiners to mix biofuels like ethanol into their gasoline. The policy discussions are intended to address the economic burdens on small refiners, who have sought waivers from these mandates, while also supporting the biofuel sector, which is crucial for agricultural states. The administration's push for a compromise reflects its broader energy policy goals of promoting energy independence and supporting rural economies, although specifics of the proposed policy changes remain under negotiation.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/politics/government/trump-administration-tells-oil-and-biofuels-groups-to-hash-out-new-biofuel-policy/ar-AA1BLmeD ]