Farmers Unite With Big Oil in Last-Ditch Push on US Biofuels
With billions of dollars in investment at stake on both sides, they’re finally establishing some common ground.
A driver unloads corn at the Poet Biorefining facility in Jewell, Iowa.
Photographer: Sergio Flores/BloombergWelcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, Kim Chipman and Jennifer A. Dlouhy examine the unlikely alliance that’s pressuring the US government to boost quotas for biofuels. To get this newsletter sent straight to your inbox, you can sign up here.
US agriculture and Big Oil have typically been at loggerheads over how much biofuels should be made from corn, soybeans and other sustainable ingredients. The former naturally seeks higher quotas, while the latter has sought to limit the advance of greener fuels.