U.S. presidential candidate Biden rips Trump's record on ethanol




  • In Business
  • 2020-09-16 02:04:48Z
  • By Reuters
U.S. presidential candidate Biden rips Trump\
U.S. presidential candidate Biden rips Trump\'s record on ethanol  

By Stephanie Kelly

NEW YORK (Reuters) - U.S. Democratic presidential nominee Joe Biden late on Tuesday attacked President Donald Trump's record on ethanol, saying his administration's recent moves to help the industry were too little, too late and transparently political.

Biden said in an exclusive statement to Reuters that the Trump administration's announcement this week that it would reject requests from oil refiners for retroactive waivers exempting them from biofuel blending laws was not enough to outweigh several years of granting large numbers of such waivers - which biofuel producers say erode demand for their products.

"Lip service 50 days before an election won't make up for nearly four years of retroactive damage that's decimated our trade economy and forced ethanol plants to shutter," Biden's statement said.

A representative for Trump's campaign did not immediately comment on Biden's remarks.

The former vice president's criticism underscored the political significance of ethanol, a corn-based fuel, ahead of the Nov. 3 election, and came as both campaigns seek to win over Farm Belt voters.

Trump's Environmental Protection Agency said on Monday that it rejected scores of requests from refiners for waivers that would have retroactively spared them from their blending obligations under the nation's biofuel policy.

The directive was billed as a win for corn farmers, who sell much of their crop into the ethanol market and who have been hard hit by the impact of Trump's trade wars.

Under the Renewable Fuel Standard, refiners must blend billions of gallons of biofuels like ethanol into the nation's fuel mix, or buy credits from those that do.

Small facilities can apply for waivers if they can prove they would be financially harmed from the requirements.

Trump's administration has roughly quadrupled the number of waivers it has granted to refiners, and has given them to facilities with highly profitable owners like Exxon Mobil Corp and billionaire investor Carl Icahn.

Biden's team has been advised in recent weeks from allies to take a strong stance in favor of biofuels, Reuters previously reported. The Biden campaign said it had organized a press call for Wednesday about ethanol, led by Midwestern politicians.

Biden's statement on Tuesday also hit Trump for not yet announcing any decision on blending volume obligations under the RFS for next year, or a decision on waiver requests for compliance years 2019 and 2020.


(Reporting by Stephanie Kelly; Editing Richard Valdmanis and Peter Cooney)

COMMENTS

More Related News

U.S. Senate Republicans huddle over Trump
U.S. Senate Republicans huddle over Trump's Supreme Court plans
  • US
  • 2020-09-22 11:09:10Z

President Donald Trump has urged a quick Senate vote on a Supreme Court nominee he aims to name by Saturday. Democrats' hopes of keeping the seat empty faded on Monday when two Republican Senators, Chuck Grassley and Cory Gardner, signaled their support for moving forward quickly.

U.S. to put murderer to death as federal executions spree continues
U.S. to put murderer to death as federal executions spree continues
  • US
  • 2020-09-22 11:04:09Z

The Department of Justice says it will kill LeCroy using lethal injections of pentobarbital, a barbiturate, at its execution chamber in Terre Haute, Indiana. Under President Donald Trump, who took office in early 2017 and has long been an outspoken advocate for capital punishment, the federal government has executed more men than all of Trump's predecessors combined going back to 1963.

Supreme Court vacancy becomes rallying cry in final stretch of U.S. race
Supreme Court vacancy becomes rallying cry in final stretch of U.S. race
  • US
  • 2020-09-22 10:30:40Z

Donald Trump's campaign has begun selling "Fill That Seat" t-shirts while his Republican Party talks up the U.S. president's record of picking "rule of law" jurists. Democrats are telling voters that the choice of a conservative for the country's highest court will have a devastating impact on a sweeping range of social issues, including healthcare and women's rights. The Supreme Court vacancy created by the death on Friday of Ruth Bader Ginsburg has rapidly become a rallying cry for the November elections, with the prospect of a 6-3 conservative majority galvanizing voters in a contest already fraught with division.

2020 Watch: Is this suddenly a new election?
2020 Watch: Is this suddenly a new election?
  • World
  • 2020-09-21 09:38:04Z

The death of Ruth Bader Ginsburg injects another generational fight to an election year that already featured the deadliest public health threat in a century, the worst economic collapse since the Great Depression and the most significant civil unrest since the civil rights era. Six weeks before Election Day, the fight to replace Ginsburg is set to dominate headlines, with the prospect of reshuffling voters' priorities and campaign strategies, especially for President Donald Trump. A presidential election that was shaping up to be a referendum on Trump's divisive leadership through dueling crises may suddenly be transformed into one about Trump's next lifetime appointment to the...

Trump gives blessing to deal to allow TikTok to continue to operate in U.S.
Trump gives blessing to deal to allow TikTok to continue to operate in U.S.

U.S. President Donald Trump said he supports a deal that will allow TikTok to continue to operate in the United States, after threatening to ban the Chinese-owned app in August. Trump said the new company will be "totally controlled by Oracle and Walmart ... All of the control is Oracle and Walmart." U.S. shareholders are expected to control 53% of TikTok Global, a person briefed on the matter said, while Chinese investors will hold 36%.

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Business