U.S. EPA consulting White House over biofuel waiver program -source

Financial Post | Feb 14, 2020 at 8:45 PM
  • The U.S. Environmental Protection Agency is seeking White House guidance on the future of its controversial biofuel waiver program after a court ruling cast doubt over its legitimacy and aims to announce a decision by early next month.
  • The exemption program has saved oil refineries hundreds of millions of dollars in regulatory costs.
  • Under the U.S. Renewable Fuel Standard, the nation’s oil refineries are required to blend billions of gallons of biofuels such as ethanol into the nation’s fuel pool, or buy credits known as RINs from those that do.