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EPA chief calls for overhaul of biofuels policy

The bankruptcy of oil refiner Philadelphia Energy Solutions underscores the need to reform the Renewable Fuel Standard, Environmental Protection Agency Administrator Scott Pruitt said in an interview. "Our job should be to take the market and production levels and set volume obligations that are consistent with objective factors -- not set inflated or blue-sky types of numbers that create this inflationary pressure on RINs," Pruitt said.

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