U.S. refiners amass over $1 bln biofuel liability as Biden admin mulls relief – Reuters

Photo: Reuters

U.S. merchant refiners have amassed up to a $1.6 billion shortfall in the credits they will need to comply with U.S. biofuel laws, according to a Reuters review of corporate disclosures, an apparent bet that the Biden administration could let them off the hook or that credit prices will fall.

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