The Environmental Protection Agency has proposed a retroactive reduction in biofuel mandates, effective 2020, in very welcome news to oil refiners who have been complaining of the costly mandates. Citing two unnamed sources familiar with the proposal, Reuters reports that the document was sent to the White House to be reviewed on Thursday, adding that it will likely deepen the rift between oil refiners and biofuels producers whose interests are at complete odds in the fuel blending department. “The proposal aims to get the (Renewable Fuel Standard) program back on track while addressing challenges stemming from decisions made under the prior administration,” the EPA said in a statement as quoted by Reuters. Earlier this month, Bloomberg quoted other unnamed sources as saying that some lawmakers had been told to brace for relatively unchanged requirements—or even a reduction in the amount of renewable fuel that must be blended, much to […]