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API speaks out against EPA's plan to expand biofuel requirements

The Environmental Protection Agency's decision to boost biofuel blending requirements for 2020 and 2021 is "arbitrary," lacks a statutory basis and would generate volatility in the renewable credit market, said the American Petroleum Institute's Frank Macchiarola. "We don't want a 'deal,' we want effective solutions that protect consumers and provide consistent regulatory certainty," Macchiarola said Thursday, as it urged the Trump administration to ditch the proposal.

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