Michael Bastasch, August 28 – House Majority Leader Eric Cantor may attach legislation to reform the ethanol mandate to a debt ceiling package, the Oil Price Information Service (OPIS) reports.
Cantor’s comments were made during a July 25 meeting with top oil industry executives and lobbyists from organizations, including Valero, Phillips 66, Chevron, and ExxonMobil.
“The Majority Leader listed a number of options to fix this issue [of the Renewable Fuel Standard]… then maybe we could try attaching it to a must-pass bill like the debt ceiling,” Cantor spokeswoman Megan Whittemore told OPIS. She did not say which other options were being considered.
Legislation to reduce or repeal the federal Renewable Fuel Standard (RFS) has already been introduced in the House, and the Energy and Commerce Committee is working on a bipartisan compromise to fix the controversial program.