Refinery Bankruptcy Leads to President Trump Meeting

president trump bankruptcy, bankruptcy attorney in jacksonville, senator ted cruz, abogado de bancarrota

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.

The full article from Reuters can be found here.

Alexander Hernandez, Esq.

For prior bankruptcy articles, follow this link.

Alexander Hernandez is a bankruptcy attorney practicing in Jacksonville and the surrounding areas and Miami, Florida.

%d bloggers like this: