Trump biofuel proposals echo those of backer IcahnNEW YORK (Reuters) - Republican Presidential candidate Donald Trump on Thursday appeared to weigh into a debate over a controversial U.S. biofuels program with a proposal that would back the position of billionaire investor Carl Icahn, one of his wealthiest backers. In a factsheet on economic policy, the Trump campaign slammed a system of buying and selling biofuel blending credits that it said was bankrupting smaller oil refiners.  The system is a central part of the Renewable Fuel Standard (RFS), the federal program that requires fuel sold in the United States to contain a minimum volume of biofuels, such as ethanol. The comments were later removed from the Trump campaign website. A Trump spokesman said an incorrect version of the factsheet was temporarily placed online. He said Trump remains committed to the Renewable Fuel Standard. It was unclear whether the comments reflected a changed stance from Trump on the country’s more than decade-old RFS program, which he has previously voiced support for. But they echoed the position of Icahn, who recently called on federal regulators to level the playing field in the credits system to favor independent refiners like CVR Energy Inc (CVI.N), in which Icahn is the majority shareholder. Icahn’s office did not return an email and call when asked to comment. “These regulations will give Big Oil an oligopoly by destroying the small to mid-size refineries,” the factsheet on Trump’s economic policies said. “These requirements have turned out to be impossible to meet and are bankrupting many of the small and midsize refineries in this country,” it added.    The comments underscored a growing schism within the oil sector pitting large oil companies against independent oil refiners. It also touches on a debate between the interests of Big oil and Big Corn, which strongly backs the mandated use of ethanol in fuels and the credit system to make it work.  The RFS has hurt independent refiners, who do not always have the ability to mix biofuels into their gasoline and diesel before they send it to gas stations. To sell their gasoline without the required biofuel content, they have to buy credits from oil companies that have blended the fuels. Those credits have cost the companies billions of dollars, and 2016 looks set to be the most expensive on record to buy the credits, known as RINs.Philadelphia Energy Solutions Inc PESC.N said last week that it plans to slash benefits and reduce staff, citing the high cost of buying RINs as one of the principal reasons it needed to make the cuts. Independent refiners are pressing environmental regulators for changes to the program that could increase the amount of credits the larger companies need, industry sources have said. For its part, Big Oil favors a repeal of the whole program, rather than a tweak that may land it with increased costs. Biofuels advocates also are against a change to the program. politicsNews
trump biofuel proposals echo backer icahnnew york reuters republican presidential candidate donald trump thursday appeared weigh debate controversial biofuels program proposal would back position billionaire investor carl can one wealthiest backers in factsheet economic policy trump campaign slammed system buying selling biofuel blending credits said bankrupting smaller oil refinery the system central part renewable fuel standard rfs federal program requires fuel sold united states contain minimum volume biofuels ethanol the comments later removed trump campaign website a trump spokesman said incorrect version factsheet temporarily placed online he said trump remains committed renewable fuel standard it unclear whether comments reflected changed stance trump country rfs program previously voiced support but echoed position can recently called federal regulators level playing field credits system favor independent refinery like cvr energy inc can majority shareholder can office return email call asked comment these regulations give big oil oligopoly destroying small refineries factsheet trump economic policies said these requirements turned impossible meet bankrupting many small mapsize refineries country added the comments underscores growing schism within oil sector pitting large oil companies independent oil refinery it also touches debate interests big oil big corn strongly backs mandated use ethanol fuels credit system make work the rfs hurt independent refinery always ability mix biofuels gasoline diesel send gas stations to sell gasoline without required biofuel content buy credits oil companies blended fuels those credits cost companies billions dollars looks set expensive record buy credits known energy solutions inc said last week plans slash benefits reduce staff citing high cost buying runs one principal reasons needed make cuts independent refinery pressing environmental regulators changes program could increase amount credits larger companies need industry sources said for part big oil favors repeal whole program rather tweak may land increased costs biofuels advocates also change program politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Trump biofuel proposals echo those of backer IcahnNEW YORK (Reuters) - Republican Presidential candidate Donald Trump on Thursday appeared to weigh into a debate over a controversial U.S. biofuels program with a proposal that would back the position of billionaire investor Carl Icahn, one of his wealthiest backers. In a factsheet on economic policy, the Trump campaign slammed a system of buying and selling biofuel blending credits that it said was bankrupting smaller oil refiners.  The system is a central part of the Renewable Fuel Standard (RFS), the federal program that requires fuel sold in the United States to contain a minimum volume of biofuels, such as ethanol. The comments were later removed from the Trump campaign website. A Trump spokesman said an incorrect version of the factsheet was temporarily placed online. He said Trump remains committed to the Renewable Fuel Standard. It was unclear whether the comments reflected a changed stance from Trump on the country’s more than decade-old RFS program, which he has previously voiced support for. But they echoed the position of Icahn, who recently called on federal regulators to level the playing field in the credits system to favor independent refiners like CVR Energy Inc (CVI.N), in which Icahn is the majority shareholder. Icahn’s office did not return an email and call when asked to comment. “These regulations will give Big Oil an oligopoly by destroying the small to mid-size refineries,” the factsheet on Trump’s economic policies said. “These requirements have turned out to be impossible to meet and are bankrupting many of the small and midsize refineries in this country,” it added.    The comments underscored a growing schism within the oil sector pitting large oil companies against independent oil refiners. It also touches on a debate between the interests of Big oil and Big Corn, which strongly backs the mandated use of ethanol in fuels and the credit system to make it work.  The RFS has hurt independent refiners, who do not always have the ability to mix biofuels into their gasoline and diesel before they send it to gas stations. To sell their gasoline without the required biofuel content, they have to buy credits from oil companies that have blended the fuels. Those credits have cost the companies billions of dollars, and 2016 looks set to be the most expensive on record to buy the credits, known as RINs.Philadelphia Energy Solutions Inc PESC.N said last week that it plans to slash benefits and reduce staff, citing the high cost of buying RINs as one of the principal reasons it needed to make the cuts. Independent refiners are pressing environmental regulators for changes to the program that could increase the amount of credits the larger companies need, industry sources have said. For its part, Big Oil favors a repeal of the whole program, rather than a tweak that may land it with increased costs. Biofuels advocates also are against a change to the program. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: trump biofuel proposals echo backer icahnnew york reuters republican presidential candidate donald trump thursday appeared weigh debate controversial biofuels program proposal would back position billionaire investor carl can one wealthiest backers in factsheet economic policy trump campaign slammed system buying selling biofuel blending credits said bankrupting smaller oil refinery the system central part renewable fuel standard rfs federal program requires fuel sold united states contain minimum volume biofuels ethanol the comments later removed trump campaign website a trump spokesman said incorrect version factsheet temporarily placed online he said trump remains committed renewable fuel standard it unclear whether comments reflected changed stance trump country rfs program previously voiced support but echoed position can recently called federal regulators level playing field credits system favor independent refinery like cvr energy inc can majority shareholder can office return email call asked comment these regulations give big oil oligopoly destroying small refineries factsheet trump economic policies said these requirements turned impossible meet bankrupting many small mapsize refineries country added the comments underscores growing schism within oil sector pitting large oil companies independent oil refinery it also touches debate interests big oil big corn strongly backs mandated use ethanol fuels credit system make work the rfs hurt independent refinery always ability mix biofuels gasoline diesel send gas stations to sell gasoline without required biofuel content buy credits oil companies blended fuels those credits cost companies billions dollars looks set expensive record buy credits known energy solutions inc said last week plans slash benefits reduce staff citing high cost buying runs one principal reasons needed make cuts independent refinery pressing environmental regulators changes program could increase amount credits larger companies need industry sources said for part big oil favors repeal whole program rather tweak may land increased costs biofuels advocates also change program politicsnews