Thomson Reuters
- President Donald Trump will meet with senators and Cabinet officials on Tuesday to discuss ways to lower the cost of the nation’s biofuels policy to oil refiners.
- The meeting reflects rising concern in the White House over the current state of the US Renewable Fuel Standard, a law requiring refiners to mix biofuels such as corn-based ethanol into their fuel which an oil refiner blamed for its recent bankruptcy.
- US farm groups urged Trump in a letter on Monday not to weaken the RFS, calling it a critical engine of rural jobs.
(Reuters) – U.S. President Donald Trump will meet with senators and Cabinet officials on Tuesday to discuss ways to lower the cost of the nation’s biofuels policy to oil refiners, according to sources familiar with the matter.
The meeting reflects rising concern in the White House over the current state of the U.S. Renewable Fuel Standard, a law requiring refiners to mix biofuels such as corn-based ethanol into their fuel, after a Pennsylvania refiner blamed the regulation for its recent bankruptcy.See the rest of the story at Business Insider
NOW WATCH: Here’s what might happen if North Korea launched a nuclear weapon
See Also:
- Donald Trump Jr. says his father being in office is hurting his ability to move property in India
- Trump’s National Security Adviser H.R. McMaster increasingly looks ready to leave the White House
- Trump said he’d take on the NRA and called out governors for being ‘afraid’ to fight the powerful lobby
