White House economic adviser Larry Kudlow is developing a new plan to bolster biofuel-blending requirements after ethanol allies in politically important farm states complained the current proposal doesn’t do enough to compensate for waivers exempting some small refineries from the mandates. The Trump administration has struggled to find a balance between competing oil and biofuel industry interests on the issue. Some previous ideas, once embraced by administration officials, were discarded after criticism from the sectors. Kudlow, who has been spearheading work on the issue in the White House for months, is now working with EPA officials to develop the new methodology, according to one of the people familiar with the matter. More>>
