Biden Pushed by Unions on ‘Skyrocketing’ Biofuel Mandate Costs

June 8, 2021, 6:38 PM

Labor leaders are pressing President Biden to waive a U.S. mandate to blend ethanol with gasoline in response to requests from governors, mayors and others.

  • “Action is urgently needed to reduce the skyrocketing cost” of biofuel compliance credits “and preserve American union jobs,” labor union heads wrote in June 2 letter to Biden
  • High prices for ethanol credits used to track blending compliance are slowing refinery upgrade projects that typically would employ thousands of workers: letter
  • The credits, known as RINs, have more than doubled since the start of the year, and credits tracking ethanol blending traded Tuesday at all-time ...

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