"White House Pushes For More Talks After 'No Deal' On Biofuels"

"U.S. President Donald Trump has asked for more talks between representatives of the oil and corn industries after a meeting on Tuesday failed to yield an agreement on how to help refiners cope with the country’s biofuels policy.

Trump has called the talks between Big Corn and Big Oil amid rising concern in the White House over the U.S. Renewable Fuel Standard (RFS), a law requiring refiners to mix biofuels such as corn-based ethanol into their fuel.

The decade-old policy was intended to help farmers and reduce U.S. petroleum imports but has increasingly divided farmers and energy companies - two of Trump’s most important constituencies. A refining company in the key electoral state of Pennsylvania last month blamed the RFS for its bankruptcy."

Jarrett Renshaw reports for Reuters February 27, 2018.