EPA gives giant refiner a 'hardship' waiver from regulation

The Environmental Protection Agency has exempted one of the nation’s largest oil refining companies, Andeavor (ANDV.N), from complying with U.S. biofuels regulations - a waiver historically reserved for tiny operations in danger of going belly up, two sources familiar with the matter told Reuters. The exemption, which applies to the three smallest of Andeavor’s ten refineries, marks the first evidence of the EPA freeing a highly profitable multi-billion dollar company from the costly mandates of the U.S. Renewable Fuel Standard. The law requires refiners to blend biofuels such as ethanol into gasoline or purchase credits from those who do such blending... MORE