By Jarrett Renshaw
Exclusive: Trump calls meeting on biofuels policy blamed by bankrupt refiner
NEW YORK (Reuters) – U.S. President Donald Trump has called a cabinet-level meeting early next week to discuss potential changes to biofuels policy, which is coming under increasing pressure after a Pennsylvania refiner blamed the regulation for its bankruptcy, according to three sources familiar with the matter.
The meeting comes as the oil industry and corn lobby powerful forces in Washington clash over the future of the Renewable Fuel Standard (RFS), a decade-old regulation that requires refiners to cover the cost of mixing biofuels such as corn-based ethanol into t…
Read the full article at: https://au.news.yahoo.com/a/39298967/exclusive-trump-calls-meeting-on-biofuels-policy-blamed-by-bankrupt-refiner/
