E-learningSelf Awareness

US renewable fuel credit prices climb 11% after Reuters report -traders – Reuters


NEW YORK, June 1 (Reuters) – U.S. renewable fuel credit prices climbed 11% on Wednesday, traders said, after a Reuters report that said the Biden administration likely will raise 2021 biofuel blending mandates.
U.S. renewable fuel (D6) credits traded at $1.50 each, up from $1.35 each before the news, traders said.
The U.S. Environmental Protection Agency in December proposed that refiners blend 13.32 billion gallons of ethanol into the fuel pool, a move that angered farm-belt lawmakers and the industry who said it was too low. Recent federal figures show U.S. consumption of ethanol at about 13.94 billion gallons. read more
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The U.S. Environmental Protection Agency (EPA) on Thursday restored the right of states and tribes to block projects on environmental grounds through the federal clean water permitting process, reversing a Trump-era effort to prevent them from doing so.
Several substations supplying power to approximately 260,000 people in France have come back online after they were targeted by striking workers, power grid operator RTE said.
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