California Low-Carbon Credit For Midwest Ethanol May Aid Compliance

California regulators are poised to approve more than a dozen applications by Midwest corn-ethanol producers for carbon-reduction credit under the state's controversial low carbon fuel standard (LCFS), in a move that may help gasoline suppliers meet the regulation and could soften a bitter dispute between California and the corn-ethanol industry. The LCFS is a significant piece of the state's regulatory program to reduce greenhouse gas (GHG) emissions to 1990 levels by the end of 2020, as required by the landmark...