ECON 2P23 Lecture Notes - Lecture 3: Carbon Tax, Corn Belt, Pembina Institute
3 Mar 2018
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Document Summary
Trump open biofuel policy reform, senators say after meeting. Nine lawmakers had requested the meeting with trump to argue that the renewable fuel. Standard, or rfs, a law requiring refiners to blend increasing amounts of biofuels like corn- based ethanol into the fuel supply every year, was threatening to put refineries in their districts out of business. The trump administration ruled in favor of big corn and against the refining industry in a series of decisions this year, with senators on both sides using parliamentary procedures such as holds on administrative appointments to punish their rivals. Republican senator bill cassidy of louisiana told reporters after the meeting that trump"s attitude was to get it done. Republican senator james lankford of oklahoma also said trump expressed a desire to help refiners, but added there were no conclusions about how to do it.
