![]() ![]() ![]() Together with their allies, the refiners helped convince policymakers that the rising mandates would cripple their businesses and threaten thousands of jobs.įor key White House officials including Gene Sperling, President Barack Obama’s top economic adviser at the time, the pitch was familiar: a year earlier, many of the same players had worked with him to rescue Philadelphia refineries from closure, saving jobs and keeping a lid on East Coast gas prices. The ethanol industry, blindsided by the proposed cut, has said it was orchestrated by “Big Oil.” However, some of the most effective players in the fight weren’t traditional oil majors but rather The Carlyle Group and Delta Air Lines, owners of two Philadelphia-area refiners. energy consumption toward renewable sources. But a Reuters review of public records and interviews with lawmakers, lobbyists and executives reveals a more complex picture.Ī private equity firm and an airline helped convince the Obama administration to backtrack, at least temporarily, on a policy it has supported for years: requiring steadily-rising volumes of ethanol to be blended into gasoline each year, a key to shifting U.S. The clash has been portrayed as a battle between “Big Oil” and “Big Corn,” two powerful and deep-pocketed lobbies. Stunned by the reversal, producers of the corn-based biofuel and their supporters are now fighting back ahead of a June deadline for the Environmental Protection Agency (EPA) to make a final decision on the cut. oil industry scored a surprise win against farm groups when the Obama administration proposed slashing the amount of ethanol refiners must blend into gasoline, a move that could save them billions of dollars. NEW YORK/WASHINGTON, May 12 (Reuters) - Six months ago the U.S. ![]()
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