The House of Representatives will soon vote on three pieces of legislation to rein in the federal Environmental Protection Agency (EPA) from (1) imposing and enabling de facto bans on new cars and trucks that run on liquid fuels and (2) from radically transforming the Renewable Fuel Standard (RFS) into a new nine-figure-government subsidy program for electric vehicles (EVs).
The Wall Street Journal editorial board is questioning the legality and rationality of President Trump’s recent order to have the Environmental Protection Agency (EPA) change long-standing Clean Air Act rules to accommodate the year-round sale of E15 fuel (gasoline blended to contain 15-percent ethanol).
WASHINGTON, D.C. – Statement from Chet Thompson, President and CEO of the American Fuel & Petrochemical Manufacturers (AFPM), in response to the letter sent by 21 senators to Acting Administrator Wheeler of the Environmental Protection Agency.
During a recent visit to Iowa — smack in the middle of corn country — the President announced a policy change that would direct the Environmental Protection Agency (EPA) to waive Clean Air Act rules and permit the year-round sale of E15 (gasoline with 15-percent ethanol).
Twenty senators delivered a letter to President Trump yesterday firmly stating their opposition to rumored regulatory action to expand the sale of E15 fuel.
Much of the focus within the Renewable Fuel Standard is on corn ethanol and the 15-billion-gallon conventional biofuel mandate. But less critically examined in this policy administered by the Environmental Protection Agency is the mandate for advanced biofuels, including biodiesel.
As Hurricane Florence approached the East Coast this week, nearly two million residents throughout the Carolinas, Maryland and Virginia were placed under evacuation watch.
When Congress created the Renewable Fuel Standard, the intent was clear. The RFS was supposed to build a market for American-grown biofuels and support domestic energy security. Today, EPA wants to deviate wildly from this course. Instead of maintaining the RFS as a program for liquid transportation biofuels, EPA’s RFS proposal for 2023 to 2025 would begin transforming the RFS into yet another huge government subsidy for electric vehicles.
Alongside the publication of AFPM’s new study, “The Fuel & Petrochemical Supply Chains: Moving the Fuels & Products That Power Progress,” Flash Point interviewed leaders working on U.S. midstream infrastructure issues, including Peter Lidiak, vice president of the International Liquid Terminals Association.
Publicly owned companies, like many U.S. refineries, have a fiduciary responsibility (which is a legal obligation) to act in the best interest of their shareholders, and that extends to how companies spend their earnings. Often, earnings are spent on a combination of the following: direct dividends, stock buy back programs, paying down debt and capital investment projects.