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.
API speaks out against EPA's plan to expand biofuel requirements
Sign up for API SmartBrief
Oil and natural gas industry news
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.