investing.com 09 Jan, 2021 03:30 am

Supreme Court agrees to hear biofuel waiver case By Reuters

Supreme Court agrees to hear biofuel waiver case

Supreme Court on Friday agreed to review a lower court ruling that severely limited the government's powers to exempt small refineries from the nation's biofuels law, rekindling a long-running dispute between the oil and corn industries."We are disappointed in the Supreme Court's decision to review the case but will continue to vigorously pursue a resolution to the damage that small refinery exemptions do to the biodiesel industry," said Kurt Kovarik, spokesman for the National Biodiesel Board.The Fueling American Jobs Coalition, which advocates on behalf of refiners, cheered the Supreme Court's decision, saying the review comes at an "urgent time" for refiners battered by the economic downturn.The decision came after appeals by refining companies that argued the 10th Circuit Court's decision last year had improperly deprived them of a method to avoid financial hardship granted by Congress.

Environmental Protection Agency can only grant the so-called Small Refinery Exemptions to facilities that have received them continuously each year since 2010.After a challenge from biofuel industry groups, the 10th Circuit ruled last January that the U.

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