8/22/2013 at 12:00 a.m.
WASHINGTON — Two U.S. senators have asked the U.S. Department of Justice and Federal Trade Commission (FTC) to investigate possible anti-competitive practices by oil companies.
In an Aug. 20 letter to Attorney General Eric Holder and FTC Chairwoman Edith Ramirez, Sens. Amy Klobuchar (D-MN) and Chuck Grassley (R-IA) urged the Obama Administration to address recent reports that oil companies may be undermining efforts to distribute renewable fuels, including higher-ethanol gasoline blends.
“The promise of renewable fuels is rapidly becoming a reality and introducing much needed competition to the transportation fuels sector,” the members said in a joint statement. “Given the implication these alleged activities, if true, could have on competition in the marketplace, we urge you to investigate them and consider whether any action is necessary. We look forward to working with you to ensure that Americans can continue to realize the benefits of cheaper, cleaner renewable fuel.”
The full text of the letter is here. Agri-pulse has more.