President Joe Biden is considering a cut to this year's biofuels blending mandates focusing on ethanol and eying a cut below the 15 billion gallons proposed by the EPA, Reuters has reported, quoting unnamed sources close to the White House. The move comes after last month the Environmental Protection Agency proposed lower biofuels blending mandates for 2020 and 2021 in a bid to quell the growing concern about oil refiners about their blending bill amid soaring inflation.
Yet at the time, the EPA kept the 2022 mandates higher, at 20.77 billion gallons…Biden May Cut 2022 Biofuel Blending Mandates: Report
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