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Report: Trump to Continue Obama Era EPA Guidelines for Renewable Fuels

ibankcoin.com / Dr. Fly / Jul 5, 2017

According to Bloomberg, the Trump administration is about to screw over his pals in the refinery business by continuing one of the industries most hated rules: renewable fuel requirements.

People close to the discussions say Trump is merely helping out a few farmers in the midwest, by keeping their corn crop rich with government mandated demand at the refineries.

Others believe the President is turning his back on the refiners, an industry beset with onerous environmental rules and regulations.

Bloomberg says the EPA is going to requite 4.24b gallons of biofuels in 2018, down from 4.28b gallons in 2017 — including 238m gallons of cellulosic biofuel, down from 311m gallons.

Overall, Trump will continue to mandate the 15b gallon quota, which is the highest allowed under Federal Law — mostly fulfilled by ethanol.

According to Bloomberg, the Trump administration is about to screw over his pals in the refinery business by continuing one of the industries most hated rules: renewable fuel requirements. People close to the discussions say Trump is merely helping out a few farmers in the midwest, by keeping their corn crop rich with government mandated demand at the refineries. Others believe the President is turning his back on the refiners, an industry beset with onerous environmental rules and regulations. Bloomberg says the EPA is going to requite 4.24b gallons of biofuels in 2018, down from 4.28b gallons in 2017 — including 238m gallons of cellulosic biofuel, down from 311m gallons. Overall, Trump will continue to mandate the 15b gallon quota, which is the highest allowed under Federal Law — mostly fulfilled by ethanol.

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