Group of 11 Republicans to confront Trump over increasing costs for refiners

President Trump meets with a group of 11 Republican senators on Thursday to discuss ways to fix the nation’s ethanol mandate to address oil refiners’ concerns that the program “isn’t working as intended,” according to the White House.

“President Trump will meet with senators today to discuss his commitment to the Renewable Fuel Standard and how to effectively address the program’s impact on independent refiners,” said White House spokeswoman Lindsay Walters.

The senators meeting with Trump are being led by Texas Sen. Ted Cruz. The rest of the group includes Sens. John Barrasso of Wyoming, Bill Cassidy of Louisiana, John Cornyn of Texas, Mike Lee of Utah, Jim Inhofe of Oklahoma, Jeff Flake of Arizona, Mike Enzi of Wyoming, Jim Lankford of Oklahoma, John Kennedy of Louisiana, and Pat Toomey of Pennsylvania.

The Environmental Protection Agency’s RFS program requires refiners to blend increasing amounts of ethanol and other biofuels into the nation’s diesel and gasoline supply.

The refiners want the administration to free them from the high cost of complying with the RFS by requiring them to purchase Renewable Identification Number credits, which are subject to volatility and price spikes. The rising cost of RINs is forcing some refiners to consider layoffs, and the industry wants the administration to endorse a policy that addresses those costs.

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Source: Washington Examiner | December 7, 2017 | John Siciliano
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    Senators Release Joint Statement Following White House Meeting on Renewable Fuel Standard

    WASHINGTON, D.C. – U.S. Sens. Ted Cruz (R-Texas), Pat Toomey (R-Pa.), James Lankford (R-Okla.), Mike Enzi (R-Wyo.), Bill Cassidy (R-La.), John Barrasso (R-Wyo.), John Kennedy (R-La.), and Mike Lee (R-Utah) today issued a joint statement following their meeting with President Trump regarding jobs threatened by the Renewable Fuel Standard (RFS):

    “We had a productive meeting today with the President to discuss how to fix the RFS compliance problem in a way that protects both refinery workers and corn farmers. We look forward to working with our colleagues representing Midwest states to find a win-win solution.”

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