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Stock impact report

U.S. lawmaker wants EPA's use of biofuel waivers investigated [Reuters]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
Company Research Source: Reuters
U.S. lawmaker wants EPA's use of biofuel waivers investigated (Reuters) - Democratic Senator Tammy Duckworth on Wednesday asked the U.S. Environmental Protection Agency’s Office of Inspector General to investigate why the agency vastly expanded its use of waivers to exempt small refineries from the nation’s biofuel law. The request, made in a letter from Duckworth’s office to Acting Inspector Charles Sheehan, follows a May 16 Reuters report that the EPA decided to expand the waiver program months before a 2017 court decision it has often cited to justify the move to the corn lobby. Oil refiners say the Small Refinery Exemption (SRE) program is crucial to help limit regulatory compliance costs, but the corn industry has said it suspects President Donald Trump’s EPA is using the program as a political tool to help allies in the energy industry at the expense of farmers. “Recent document disclosures reveal that the EPA misled Members of Congress, industry and the public in regard to the Show less Read more
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