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Exclusive: Chevron, Exxon seek 'small refinery' waivers from U.S. biofuels law

Reuters  |  NEW YORK 

By Jarrett Renshaw and Chris PrenticeNEW YORK (Reuters) - Global energy giants Chevron Corp and Exxon Mobil have asked U.S. regulators for exemptions to the nation's biofuels policy that have historically been reserved for small companies in financial distress, according to sources familiar with the matter.The requests will add fuel to a raging dispute between Big Oil and Big Corn over how the Trump administration should manage the U.S. Renewable Fuel Standard - a 2005 law that requires oil refiners to mix biofuels such as corn-based ethanol into the nation's fuel supply, or buy ...

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First Published: Fri, April 13 2018. 05:10 IST
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