En Español



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

White House still evaluating U.S. biofuels program

 

 

WASHINGTON
Petroleumworld.com 03 07 2017

The Trump administration is reviewing the possibility of a key change to U.S. biofuels policy requested by oil refiners and Carl Icahn, the billionaire investor and special advisor on regulations to President Donald Trump, a White House official said on Monday.

The administration has no position "either way on this issue at this time," the White House official confirmed to Reuters. The statements come after news last week that Icahn had reached out to the White House regarding the change.

The debate centers on the Renewable Fuel Standard (RFS), a 2005 policy that requires increasing volumes of biofuels to be added to gasoline and diesel each year. Oil refiners including Valero Energy Corp and CVR Energy Inc currently have to show environmental regulators they are meeting those annual mandates, and have urged the government to push this compliance further downstream to fuel blenders and integrated oil companies.

Opponents of the change say it will complicate ensuring compliance and that it could threaten the future of the RFS policy that sets the annual requirements for use of biofuels with gasoline and diesel.

Confusion over Trump's plans for RFS sparked wild swings in energy and agricultural markets last week. Carl Icahn, who owns a majority stake in CVR, said he had reached out to the White House about the issue.

The Environmental Protection Agency (EPA) has also been reviewing requests from oil refiners including Valero Energy Corp and Delta Air Lines Inc's Monroe Energy LLC. A public comment period on the issue wrapped up late last month.

Two sources familiar with the discussions told Reuters that they have been told by administration officials they are concerned about potential political backlash from biofuels companies and fuel marketers if they make the change that Icahn and Valero are seeking.

Story by Emily Stephenson; Reporting by Emily Stephenson in Washington; Additional reporting and writing by Chris Prentice; Editing by Chizu Nomiyama from Reuters.

We invite all our readers to share with us
their views and comments about this article
.


Write to editor@petroleumworld.com


By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels



CERAWeek 2017
MAR 6-10, 2017
HOUSTON, TX

 

 

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:P.Ohep F. /Producer - Publisher:P.Ohep F./
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2016, Petroleumworld   / Elio Ohep Fitzgerald- All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.