Big Oil Embraces Corn as Former Foes Unite Against EV Threat (1)

After decades of battling against more ethanol going into US cars, Big Oil is joining Big Agriculture in a push to expand use of the corn-based biofuel.

The longtime foes are increasingly finding common ground as the growth of electric vehicles threatens to slash gasoline demand. Fossil-fuel giants are also ramping up investment in renewable fuels in a bid to capture government incentives aimed at cutting emissions and curbing climate change.

“Today’s a different world,” said Bruce Rastetter, founder of Summit Agricultural Group. “It’s a whole sea-change of oil companies working with the biofuels industry to decarbonize ...