Why Carl Icahn And Valero Are Pushing For Biofuels Changes In Washington

By Jon LeSage The 12-year old debate between oil and biofuels over the U.S.’s Renewable Fuel Standard appears to have recently shifted away from ethanol volume over to “obligated parties.” Since first enacted in the Energy Policy Act of 2005, oil companies, refineries, and distributors have been through waves of political and legal battles with biofuel producers and fuel blenders over the law’s Renewable Fuel Standard. The U.S. Environmental Protection Agency has been enforcing the law, and has tended to side in favor of biofuels in support…

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