Reported about 20 hours ago
The White House is considering a strategy to tackle a significant backlog of small refinery requests for exemptions from U.S. biofuel regulations, including potentially approving many outstanding applications and gathering industry feedback on older ones. With over 160 exemption requests pending—which could impact billions in tradable credits—the administration aims to balance the interests of the oil and agricultural sectors while managing the financial ramifications for the biofuel credit market.
Source: YAHOO