Under the Renewable Fuel Standard,
refiners must blend billions of gallons of biofuels like ethanol into the
nation's fuel mix, or buy credits from those that do.
By Stephanie Kelly
NEW YORK (Reuters)
- U.S. Democratic presidential nominee Joe Biden late on Tuesday attacked
President Donald
Trump's record on ethanol, saying his administration's recent moves to help
the industry were too little, too late and transparently political.
Biden said in an
exclusive statement to Reuters that the Trump administration's announcement
this week that it would reject requests from oil refiners for retroactive
waivers exempting them from biofuel blending laws was not enough to outweigh
several years of granting large numbers of such waivers - which biofuel
producers say erode demand for their products.
"Lip service
50 days before an election won't make up for nearly four years of retroactive
damage that's decimated our trade economy and forced ethanol plants to
shutter," Biden's statement said.
A representative
for Trump's campaign did not immediately comment on Biden's remarks.
The former vice
president's criticism underscored the political significance of ethanol, a
corn-based fuel, ahead of the Nov. 3 election, and came as both campaigns seek
to win over Farm Belt voters.
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