Trump pushes Big Corn and Oil to break biofuels deadlock [Reuters]
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Source: Reuters
Trump pushes Big Corn and Oil to break biofuels deadlock | Reuters 6 Min Read NEW YORK (Reuters) - U.S. President Donald Trump urged representatives from the rival oil and corn industries on Thursday to break a deadlock in talks over the future of the nation’s biofuels policy by accepting a deal involving reforms sought by both sides. Trump has arranged a series of talks between Big Corn and Big Oil since late last year amid rising concern in the White House over the U.S. Renewable Fuel Standard (RFS), a law requiring refiners to mix biofuels such as corn-based ethanol into their fuel. The decade-old policy was intended to help farmers and reduce petroleum imports but has increasingly divided farmers and energy companies - two of Trump’s most important constituencies. A refining company in the key electoral state of Pennsylvania in January blamed the RFS for its bankruptcy. A source who attended Thursday’s meeting at the White House said Trump told the gathering of lawmakers and corpo
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