Icahn's Biofuel Fight Lives On as Trump Said to Plan Meetings
- EPA, Agriculture Department chiefs said to discuss ethanol
- President to attend follow-up meeting scheduled for next week
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The price of biofuel blending credits tumbled Friday on mounting speculation that the fight by independent oil refiners to change U.S. laws mandating the use of ethanol will lead to rule changes.
A meeting was said to take place on Friday between Environmental Protection Agency Administrator Scott Pruitt and Agriculture Secretary Sonny Perdue to discuss possible changes to the Renewable Fuel Standard, the law that forces refiners to use escalating amounts of ethanol and biodiesel, according to people familiar with the discussions.