UPDATE 3-Trump wades deeper into biofuel debate with second meeting [Reuters]
Valero Energy Corporation (VLO)
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Source: Reuters
Trump wades deeper into biofuel debate with second meeting | Reuters 5 Min Read NEW YORK (Reuters) - U.S. President Donald Trump on Thursday has gathered rivals from the oil and corn industries for the second time this week as the administration seeks elusive common ground on reforms to the nation’s controversial biofuels law. The meetings come amid rising concern in the White House over the current state of the U.S. Renewable Fuel Standard (RFS), a law requiring refiners to mix biofuels such as corn-based ethanol into their fuel that has increasingly divided two of Trump’s most important constituencies. Philadelphia Energy Solutions (PES), a refining company in the key electoral state of Pennsylvania, last month blamed the regulation for its bankruptcy. Republican Senators Chuck Grassley and Joni Ernst of corn-producing state Iowa, along with Republican Senators Ted Cruz and Pat Toomey of refining states Texas and Pennsylvania, were in attendance on Thursday, the White House said in
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- 3/26/24 - Form ARS
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