The Renewable Fuel Standard regulation requires refiners to pay for the cost of mixing biofuels and corn-based ethanol. Philadelphia Energy Solutions which filed for bankruptcy in January, blames the regulation.
As a result, President Trump has ordered a meeting to discuss biofuels policy. Expected at the meeting is Senator Ted Cruz, Chuck Grassley, Scott Pruitt- head of the EPA (Environmental Protection Agency), Sonny Perdue the Agriculture Secretary, and Energy Secretary Rick Perry.
Alexander Hernandez, Esq.
Alexander Hernandez is a bankruptcy attorney practicing in Jacksonville and the surrounding areas and Miami, Florida.