EPA Yanks Refinery Biofuel Waivers, Skips Credit Mandate (1)

The Biden administration on Thursday rescinded 31 refineries’ previously granted waivers from 2018 biofuel-blending requirements -- but said it will not require the facilities to buy compliance credits to fulfill the quotas.

The Environmental Protection Agency’s move was designed to stave off disruptions in a tight market for those compliance credits, something that could drive up already high gasoline prices.

The approach underscores the continued legal and political pitfalls surrounding the 17-year-old Renewable Fuel Standard program that compels refineries to mix alternatives such as corn-based ethanol into gasoline and diesel. Joe Biden promised to promote ethanol and other biofuels ...