Trump looks at USDA-funded $300M small refinery bailout plan

September 17, 2020 |

In Washington, Reuters reports that in response to the Environmental Protection Agency rejecting the pending “gap-year” requests through 2018, President Trump is looking at a potential $300 million bailout for refineries denied SREs for 2019 even though the EPA hasn’t yet announced which of those requests will be rejected. The idea of the USDA funded bailout did not please the American Fuel and Petrochemical Manufacturers who want to see the Renewable Fuel Standard reformed rather than piecemeal payoffs.

Category: Policy

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