×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: trump | biofuels | plan | senators

Trump Said Open to Exported Ethanol Qualifying Under Biofuel Laws

Trump Said Open to Exported Ethanol Qualifying Under Biofuel Laws
(50jb/Dreamstime)

Tuesday, 08 May 2018 09:52 AM EDT

U.S. President Donald Trump told a group of Republican senators on Tuesday that he is considering allowing exported ethanol and other biofuels to count towards the annual volumes mandated by the Environmental Protection Agency, according to a source briefed on the discussions.

The president also backed off plans to put a price cap on compliance credits refiners must submit to the EPA and supports lifting restrictions on the sales of higher ethanol blends of gasoline, the source said.

Trump hosted a meeting with a group of senators and administration officials on Tuesday to outline a plan to help refiners with regulatory cost of the U.S. Renewable Fuel Standard (RFS) while boosting demand for corn-based ethanol.

© 2022 Thomson/Reuters. All rights reserved.


Markets
U.S. President Donald Trump is expected to lay out his plans for the nation's biofuel policy on Tuesday in a closed door briefing with senators, after months of hearing arguments about the hotly contested regulation, according to two sources.
trump, biofuels, plan, senators
115
2018-52-08
Tuesday, 08 May 2018 09:52 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved