Reuters exclusively reports U.S. oil industry seeks unusual alliance with Farm Belt to fight Biden electric vehicle agenda | Reuters News Agency
Environment

Reuters exclusively reports U.S. oil industry seeks unusual alliance with Farm Belt to fight Biden electric vehicle agenda

Reuters exclusively reported that the U.S. oil industry is seeking to forge an alliance with the nation’s corn growers and biofuel producers to lobby against the Biden administration’s push for electric vehicles – but is so far meeting a cool reception. The effort marks an unusual attempt by the petroleum industry to cozy up to its long-time rivals, reflecting the scale of its concern over President Joe Biden’s sweeping measures to combat climate change and tamp down fossil fuels.

Article Tags
Topics of Interest: Environment
Type: Reuters Best
Sectors: Commodities & Energy
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
E85 ethanol fuel is shown being pumped into a vehicle at a gas station selling alternative fuels in the town of Nevada, Iowa, December 6, 2007. Nearby, the Lincolnway Energy company is converting corn to biodiesel ethanol fuel to be used in flexible-fuelled vehicles as an alternative energy source to oil. The business operates around the clock seven days a week, processing approximately 50,000 bushels (1.27 tonnes) of corn daily, and creating 150,000 gallons (567,752 litres) of ethanol per day.      REUTERS/Jason Reed     (UNITED STATES)
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