Big Oil embraces corn as former foes unite

Ethanol boost: A file photo of a petrol station in California. EVs are forecast to reduce oil consumption in the United States by 20 million barrels a day by 2040. — AFP

New York: After decades of battling against more ethanol going into US cars, Big Oil is joining Big Agriculture in a push to expand use of the corn-based biofuel.

The longtime foes are increasingly finding common ground as the growth of electric vehicles (EVs) threatens to slash gasoline demand.