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Oil and corn tout dueling studies on future of U.S. biofuel program

Reuters  |  NEW YORK 

By Ayenat MersieNEW YORK (Reuters) - Big oil and big corn are touting opposing studies released this week on proposed biofuels policy reforms under consideration by the Trump administration, part of an ongoing clash between the two sides over the future of the program.Valero Energy Corp, a major oil refiner, funded a study by Charles River Associates that supports placing a cap on the price of biofuel blending credits under the U.S. Renewable Fuel Standard (RFS) - a change meant to help refiners that complain the RFS now costs them a fortune.A rival report from Iowa State University, also ...

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First Published: Thu, March 08 2018. 18:48 IST
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