Exclusive: U.S. refining giant Marathon seeks EPA biofuel waiver, sources say [Reuters]
Marathon Petroleum Corporation (MPC)
Last marathon petroleum corporation earnings: 1/29 06:30 am
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Source: Reuters
Exclusive: U.S. refining giant Marathon seeks EPA biofuel waiver, sources say | Reuters 5 Min Read (Reuters) - Marathon Petroleum Corp, the second-biggest refining company in the United States, has asked the Environmental Protection Agency for a hardship waiver exempting one of its facilities from the nation’s biofuels law, two sources with knowledge of the application told Reuters. The request comes as the EPA expands its use of biofuel waivers in a way that has reduced regulatory costs for the oil industry by hundreds of millions of dollars in recent months, but which has also infuriated the powerful corn lobby. EPA has authority to grant waivers freeing small refineries from their obligation to mix biofuels like ethanol into their fuel under the Renewable Fuel Standard (RFS) if they can prove complying would cause them “disproportionate economic hardship.” The waivers can save individual facilities tens of millions of dollars in regulatory costs, adding to a company’s bottom line.
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MPC
News
- Oil Refining Profits Seen at Two-Year Lows on Gloomy Outlook [Yahoo! Finance]Yahoo! Finance
- Oil Refining Profits Seen at Two-Year Lows on Gloomy Outlook [BNN Bloomberg (Canada)]BNN Bloomberg
- Marathon Petroleum Corp. Announces Quarterly Dividend [Yahoo! Finance]Yahoo! Finance
- Marathon Petroleum Corp. Announces Quarterly DividendPR Newswire
- Marathon Petroleum (MPC) Is Attractively Priced Despite Fast-paced Momentum [Yahoo! Finance]Yahoo! Finance
MPC
Earnings
- 1/30/24 - Beat
MPC
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- MPC's page on the SEC website