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Trump plans to meet oil industry reps on U.S. biofuel policy: sources


By Jarrett Renshaw and Richard Valdmanis(Reuters) - U.S. President Donald Trump has agreed to meet with representatives of the oil refining industry and their legislative backers to discuss the nation's biofuels program, according to two sources briefed on the matter.The White House meeting could set the stage for negotiations over possible legislation to overhaul the U.S. Renewable Fuel Standard - a 2005 law that requires refiners to blend increasing amounts of biofuels like ethanol into the nation's gasoline each year, the sources said, asking not to be named.While the regulation would be a ...

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First Published: Fri, December 01 2017. 19:13 IST