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Capping the price of Renewable Identification Numbers (RINs) at 10 cents each is being proposed by Sen. Ted Cruz (R-Texas) as a way of helping some refiners cope with what they say are costs for the Renewable Fuel Standard (RFS) that threaten their survival.
Highlights and links to key media articles related to the business of agriculture.
President Donald Trump said his regulatory reform directives have resulted in the canceling or delaying of more than 1,500 regulations during the first 11 months of his term, and he plans to deliver much more in 2018.
Staff-level discussions at the White House on biofuel policy Wednesday did not yield any conclusions on the next policy direction under the Renewable Fuel Standard (RFS), as was expected.
The main trade representatives for the EU, the US and Japan delivered a joint statement committing to enhance trilateral cooperation and to re-establish a “global level playing field” in international trade.
Alabama has elected a Democrat to the US Senate for the first time in 25 years while the Federal Open Market Committee (FOMC) meeting conclusion comes this afternoon. USDA's Perdue is sounding positive on NAFTA and tax reform continues to advance.
Congressional staffers from key oil- and biofuel-backing lawmakers along with representatives from US government agencies will take part in a meeting at the White House to discuss potential biofuel policy changes, according to several media reports.
Key Republican lawmakers, from states with large volumes of exports to Mexico, are being targeted in Mexico's lobbying effort for the North American Free Trade Agreement (NAFTA), according to the Reforma newspaper.
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