EPA Is Said to Weigh Ban on Banks' Role in Biofuel-Credit Review
- EPA will propose several options, including position limits
- Effort aims to quash speculation and boost transparency
A driver unloads corn from a truck at a biorefining facility in Jewell, Iowa.
Photographer: Sergio Flores/BloombergThis article is for subscribers only.
The Trump administration is planning to propose an overhaul of the opaque market for trading biofuel compliance credits amid complaints of hoarding and wild price swings, according to people familiar with the matter.
The Environmental Protection Agency is set to lay out several options in coming weeks, including barring Wall Street banks and other outsiders from trading the credits, said the people, who asked for anonymity to discuss internal deliberations.