Home > News > Administration Eyes CCC Funds for Refiners After Denying Gap-year Waivers

A few days after the Trump Administration announced its decision to deny gap-year Renewable Fuels Standard (RFS) waivers for small oil refiners, officials said Thursday they plan to make $300 million available to those same refiners to offset the costs of RFS compliance. Biofuels industry leaders expressed concern Thursday that the USDA Commodity Credit Corporation (CCC) may be the funding source for the payments to refiners, a move farm-state lawmakers see as “Big Oil” taking money from farmers. At the same time, oil industry leaders say a one-time payment won’t be adequate to offset the costs of RFS compliance. Read more on this hot-button issue.

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