Refinery Bankruptcy Leads to President Trump Meeting

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Refinery Bankruptcy Leads to President Trump Meeting

Updated August 15, 2018

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.

Twitter- @mcatty_alex

 

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