US Lawmakers Seek to Lower Biofuel Compliance Credit on Blending Laws
Published By: Paras YadavLast Updated: July 13, 2023, 14:12 ISTNew York, United States of America (USA)A gas pump displays the price for E15 in US (Photo: Reuters)Under the proposed bill, refiners could buy credits around conventional biofuel blending, which includes corn-based ethanol blendingA bipartisan group of U.S. lawmakers introduced legislation this week directing the Biden administration to allow oil refiners to purchase compliance credits for U.S. biofuel blending laws at a lower, fixed cost compared to the!-->…