Plotting Future, U.S. biofuel Industry Seeks Federal Clean Fuel Program from Biden
November 20, 2020 - America’s biggest biofuel companies plan to ask President-elect Joe Biden to impose a nationwide standard to reduce carbon emissions from transport fuels, according to five sources familiar with the matter, and hope to preserve a role for products like ethanol amid the fight against climate change.
The planned push from the biofuel industry reflects its increasing concern about the future as Biden prepares measures to slash emissions that could upend traditional energy markets, and as the federal regulation that has underpinned growth in the biofuel market for more than a decade - the Renewable Fuel Standard - nears expiry in its current form.
By Stephanie Kelly, Jarrett Renshaw, REUTERS