KiOR Bankruptcy

Trump faces dilemma as U.S. oil reels from record biofuels targets

This Jan. 28, 2015 photo shows some of the biomass refining equipment at the KiOR biofuel plant in Columbus, Miss. Two firms are buying the equipment that belonged to the plant, with a judge approving the sale of refining equipment to Iowa-based REG Synthetic Fuels, while Georgia Renewable Fuels says it's buying wood-processing equipment. (AP Photo/Rogelio V. Solis)By Chris Prentice NEW YORK (Reuters) – The Obama administration signed its final plan for renewable fuel use in the United States last week, leaving an oil industry reeling from the most aggressive biofuel targets yet as President-elect Donald Trump takes over. The Renewable Fuel Standard (RFS) program, signed into law by President George W. Bush, is one of the country’s most controversial energy policies. The policy was designed to cut greenhouse gas emissions, reduce U.S. reliance on oil imports and boost rural economies that provide the crops for biofuels.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Obama Sabotaged Trump's Transition To The White House | The Daily Caller https://t.co/EKTThGHxh7 #resist https://t.co/4fgxVtxcOl - 4 weeks ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article

Leave a Reply

Your email address will not be published. Required fields are marked *