MANAUS, Brazil (Reuters) – Democratic U.S. President Joe Biden aims to finalize a rule on a clean fuel tax credit before leaving office on Jan. 20, a senior White House official said on Sunday. The clean fuel program, which would provide credits for the production of sustainable aviation fuel and other lower-emission transportation fuels, is […]
Politics
Biden aims to finalize clean fuel rule before leaving White House
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MANAUS, Brazil (Reuters) – Democratic U.S. President Joe Biden aims to finalize a rule on a clean fuel tax credit before leaving office on Jan. 20, a senior White House official said on Sunday.
The clean fuel program, which would provide credits for the production of sustainable aviation fuel and other lower-emission transportation fuels, is set to begin in 2025.
“I’m not going to make any announcements, except that we’re working very hard to finish the rules,” the official told reporters. The official did not guarantee that the work would be complete.
The Biden administration also plans to release a study on the environmental and economic impacts of liquefied natural gas before Jan. 20, the official said. Biden early this year ordered a pause in new approvals of LNG exports in order to conduct the study.
President-elect Donald Trump, a Republican, has said he will reverse the pause quickly in his second term.
(Reporting by Jarrett Renshaw; writing by Katharine Jackson and Timothy Gardner; Editing by Cynthia Osterman)