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Trump administration eyes at least $300 million aid to refiners denied biofuel waivers: sources

Trump administration eyes at least $300 million aid to refiners denied biofuel waivers: sources

By , NEW YORK (Reuters) - The Trump administration is considering at least $300 million in cash aid to U.S. oil refiners that are denied exemptions to U.S. biofuel blending laws for the 2019 compliance year, two sources familiar with the matter said.Although the administration has yet to rule on the 2019 waivers, it has made an estimate for the amount of money it would provide in aid based on the number of facilities that applied for the exemptions but may now be considered ineligible because of a recent court ruling.The move would be intended to help small refineries handle the cost of...

September 16, 2020
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reuters.com

reuters.com

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