Big Oil Clashes With US Farmers Over Biofuel Policy in Trump’s Tax Bill
Disagreements regarding the 45Z credit rekindle tensions between the two powerful lobbies.
Sample bottles of aviation biofuel — including leftover grease from Sichuan hot pot — at a Chinese facility.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Welcome to our guide to the commodities markets powering the global economy. Today, biofuels reporter Kim Chipman looks at how the tax bill making its way through the US Congress is pitting the oil and gas sector against the agricultural lobby.
An alliance forged between US farmers and Big Oil over biofuels is crumbling as lawmakers work to craft tax legislation to send to President Donald Trump.