Trump to Meet with Cabinet, Senators to Discuss Biofuels Policy

President Donald Trump has called a meeting this week with key senators and Cabinet officials to discuss potential changes to biofuels policy, which is coming under increasing pressure after a Pennsylvania refiner blamed the regulation for its bankruptcy, according to four sources familiar with the matter.

Reuters reports that the meeting comes as the oil industry and corn lobby - powerful forces in Washington - clash over the future of the Renewable Fuel Standard (RFS), a decade-old regulation that requires refiners to cover the cost of mixing biofuels such as corn-based ethanol into their fuel...   ...more

Ken Notes: Watch this one, we will get a clear indication of how money drives this industry - not environmental concerns.