White House pushes for more talks after 'no deal' on biofuels 2:55pm EST [Reuters]
Valero Energy Corporation (VLO)
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Source: Reuters
White House pushes for more talks after 'no deal' on biofuels | Reuters 5 Min Read (Reuters) - U.S. President Donald Trump has asked for more talks between representatives of the oil and corn industries after a meeting on Tuesday failed to yield an agreement on how to help refiners cope with the country’s biofuels policy. Trump has called the talks between Big Corn and Big Oil amid rising concern in the White House over the U.S. Renewable Fuel Standard (RFS), a law requiring refiners to mix biofuels such as corn-based ethanol into their fuel. The decade-old policy was intended to help farmers and reduce U.S. petroleum imports but has increasingly divided farmers and energy companies - two of Trump’s most important constituencies. A refining company in the key electoral state of Pennsylvania last month blamed the RFS for its bankruptcy. The meeting on Tuesday included Republican Senators Ted Cruz of Texas and Pat Toomey of Pennsylvania - both from major oil refining states - along with
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- 4/25/24 - Beat
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Sec Filings
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- 3/26/24 - Form ARS
- VLO's page on the SEC website