Big Oil Embraces Corn as Former Foes Unite Against EV Threat
- Oil firms and farmers join to push for more ethanol in cars
- Legislation would allow year-round sales of higher ethanol mix
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After decades of battling against more ethanol going into US cars, Big Oil is joining Big Agriculture in a push to expand use of the corn-based biofuel.
The longtime foes are increasingly finding common ground as the growth of electric vehicles threatens to slash gasoline demand. Fossil-fuel giants are also ramping up investment in renewable fuels in a bid to capture government incentives aimed at cutting emissions and curbing climate change.