Marathon Looks for Spring Fuel Mandate Change
(Argus Media) Marathon Petroleum said it expects US legislators to propose changes to federal fuel mandates this spring.
Senators and US Representatives would soon propose changes to the Renewable Fuel Standard (RFS), chief executive Gary Heminger said during a quarterly earnings call today.
“I am fairly confident that we are going to get there this spring,” Heminger said.
Sens. John Cornyn (R-Texas), Joni Ernst (R-Iowa) and Chuck Grassley (R-Iowa) as well as US Reps. Bill Flores (R-Texas) and John Shimkus (R-Illinois) have joined others discussing potential legislation on the program.
Sources on all sides of the talks have been evasive about the proposals that will make it into legislation, citing the sensitive nature of the negotiations. Marathon Petroleum offered no specifics about what the company expected this year but suggested a full repeal.
Sens. Grassley and Ernst have not responded to numerous requests for comment.
US independent refiner Valero in its own earnings call said discussions around changes to the program “have definitely heated up.” READ MORE