by Patrick Newkumet (Oil Price Information Service) Renewable fuel industry officials are mostly optimistic that the incoming Biden administration will be more supportive of the Renewable Fuel Standard (RFS) than the Trump White House, though some worry that the president-elect’s promised aggressive approach to carbon emission reductions could have impacts on the renewable fuels landscape.
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Many in the industry were critical of President Donald Trump’s handling of the RFS, with most predicting that a few of his EPA’s biggest decisions a large expansion of the small refinery exemption (SRE) program, failure to address a federal court remand directing EPA to restore 500 million gal in blending obligations it found were improperly excluded from the 2016 Renewable Volume Obligation (RVO), and its inability to issue a proposed or final 2021 RVO will be left for the new administration to address.