Oil Giants Conspiring To Discourage Biofuel, Suit Says

Law360, New York (February 2, 2011, 2:03 PM EST) -- A manufacturer of vegetable oil-based diesel fuel has launched a suit accusing Exxon Mobil Corp., Chevron Corp. and other major oil companies of conspiring to promote a new industry standard aimed at discouraging the use of biofuels.

The oil companies have used their influence to encourage standard-setting body ASTM International to promulgate a standard that would effectively promote petroleum-based diesel at the expense of alternative types, according to a suit Plant Oil Powered Diesel Fuel Systems Inc. filed Tuesday in the U.S. District Court for the...
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