BP Defends Renewable-Fuel Rule Other Oil Companies Oppose
This article is for subscribers only.
As Congress considers scaling back or abolishing U.S. rules that mandate the use of renewable fuels, it has the full-throated support of the petroleum industry -- with one major exception.
BP Plc, one of the world’s biggest oil companies by revenue, is part of a joint venture with DuPont Co. that is set to start producing a new alternative fuel by the end of the year. In order to preserve a market for that fuel, the venture’s officials are busy in Washington trying to convince lawmakers that the current system doesn’t need an overhaul.