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Trump Considers Cash Aid for Refineries Denied Biofuel Waivers

  • Plan is being developed by EPA to assuage oil interests
  • Money could come from coronavirus relief funds for agriculture
The POET LLC Ethanol Biorefinery As Stockpiles Of U.S. Corn Ethanol Sinks
Photographer: Daniel Acker/Bloomberg

Trump administration officials are developing a plan to offset the potential economic damage of denying dozens of refineries waivers from biofuel-usage mandates: giving them financial aid.

The approach is actively being discussed by top Environmental Protection Agency officials as the administration courts two important voting blocs for President Donald Trump: blue-collar oil industry workers, and agricultural interests in the Corn Belt. The talks were described by three people familiar with the matter who asked not to be named discussing the administration’s private deliberations.