Exclusive: Chevron granted waiver from U.S. biofuel laws at Utah plant - source 3:44pm EST [Reuters]
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Source: Reuters
Exclusive: Chevron granted waiver from U.S. biofuel laws at Utah plant - source | Reuters 2 Min Read NEW YORK (Reuters) - The U.S. Environmental Protection Agency granted oil major Chevron Corp a 2017 hardship waiver from U.S. biofuel laws for its Utah refinery earlier this year, according to a source familiar with the company’s operations. Chevron, which reported a net income of $9.2 billion in 2017, becomes the largest known company to be awarded a hardship waiver from the Renewable Fuel Standard (RFS), which requires refiners to blend biofuels like ethanol into their fuel pool or buy compliance credits from competitors that do. The waivers, which have grown significantly under the Trump administration, have angered corn-belt farmers who say it hurts demand for ethanol and other biofuels. California-based Chevron declined on Tuesday to confirm whether it received a small refinery hardship waiver, but did say that seeking them can level the playing field. “EPA has acknowledged that i
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