Biden administration mulls big cuts to biofuel mandates in win for oil industry -document [Financial Post (Toronto, Ontario, Canada)]
PBF Energy Inc. Class A (PBF)
Last pbf energy inc. class a earnings: 2/13 06:30 am
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Source: Financial Post
requirements, according to a document seen by Reuters, a move triggered by a broad decline in gasoline demand during the coronavirus pandemic. If adopted, the proposal would be a win for the oil industry, most notably PBF Energy and CVR Energy , which argues biofuel blending is costly. Still working from home? Here's how to get a tax break Advertisement The cuts would anger ethanol producers such as Archer-Daniels-Midland Co and the nation's corn farmers who produce the raw ingredients for ethanol – by far the most widely used biofuel. Advertisement Article content After Reuters reported the news, credits used to prove compliance with the requirements, called RINs , fell to $1 each, down from $1.07 in the previous session, traders said. Biden's Environmental Protection Agency, which administers the nation's biofuel policy, would reduce blending mandates for 2020 and 2021 to about 17.1 billion gallons and 18.6 billion gallons, respectively, the document showed. That wou
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PBF
Earnings
- 2/15/24 - Miss
PBF
Sec Filings
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- 3/26/24 - Form 144
- PBF's page on the SEC website