President TrumpDonald John TrumpHouse Democrat slams Donald Trump Jr. for ‘serious case of amnesia’ after testimony Skier Lindsey Vonn: I don’t want to represent Trump at Olympics Poll: 4 in 10 Republicans think senior Trump advisers had improper dealings with Russia MORE met Thursday with Republican senators from oil- and refinery-heavy states to hear their complaints about the federal mandate to mix ethanol into the gasoline supply.
Senators said there were no major outcomes from the meeting at the White House, but Trump asked the lawmakers to take the lead themselves on proposals to change the renewable fuel standard (RFS) in a way that benefits both refineries and corn farmers.
The senators came into the meeting concerned that the Trump administration’s policies too heavily favored the ethanol industry, which pushes to require more ethanol in gasoline, increasing costs for refiners who have to either buy the ethanol or buy Renewable Identification Number (RIN) credits to comply.
The Environmental Protection Agency (EPA) last week made final its biofuel mandate levels for 2018, keeping levels steady and fulfilling the ethanol industry’s wishes.
“He did not pick sides. He strongly encouraged us to sit down with the farmers and work out something so that the farmers win and the refineries win. And that’s what we intend to do,” Kennedy said.
“He offered to come and help negotiate that, just said let him know when he needed us. But he was very clear that he wanted us to resolve this in a way that both sides come out ahead.”
Sen. James LankfordJames Paul LankfordGOP and Dems bitterly divided by immigration Grassley offers DACA fix tied to tough enforcement measures We are running out of time to protect Dreamers MORE (R-Okla.) said he didn’t go into the meeting with policy goals, except to ensure that Trump was aware of the concerns of oil- and refinery-heavy states.
“It was just a recognition that this is a complicated issue, and we’re going to have to get everybody together from all sides to be able to put out a proposal to solve it,” Lankford said after the meeting.
Sen. James InhofeJames (Jim) Mountain InhofeGOP senator on backing Moore: ‘It’s a numbers game’ Overnight Energy: Panel advances controversial Trump nominee | Ex-coal boss Blankenship to run for Senate | Dem commissioner joins energy regulator Senate panel advances controversial environmental nominee MORE (R-Okla.) said in a statement that the meeting was “a positive step forward.”
“The president understands that there are challenges on both sides of this issue, and it is my expectation that we can find a way forward that gets both sides on board. He is very open to that path forward,” Inhofe said.
In total, 11 GOP senators attended the meeting, along with seven high-ranking White House aides, EPA Administrator Scott PruittEdward (Scott) Scott PruittOvernight Regulation: Net neutrality supporters predict tough court battle | Watchdog to investigate EPA chief’s meeting with industry group | Ex-Volkswagen exec gets 7 years for emissions cheating Overnight Energy: Watchdog probes Pruitt speech to mining group | EPA chief promises to let climate scientists present their work | Volkswagen manager gets 7 years for emissions cheating Scott Pruitt’s year of environmental destruction MORE, Agriculture Secretary Sonny PerdueGeorge (Sonny) Ervin PerdueUSDA delays healthy school lunch requirements Protect the American tradition of hunting Thanksgiving dinner The death of the American dream for family farmers MORE and Deputy Energy Secretary Dan Brouillette, the White House said.
“The president understands the importance of the RFS to rural America. He is also aware that workers in the refining sector believe the program isn’t working as intended, and should be improved to reduce their compliance burdens,” a White House official said earlier Thursday.
— Jordain Carney contributed
BitConnect Investment Opportunity
The moment you acquire BitConnect Coin it becomes an interest bearing asset with Up to 120% return per year through PoS minting. All you have to do to earn with this method is to hold coins in your Bitconnect-QT wallet. This means anyone holding BitConnect Coin in their wallet will receive interest on their balance in return for helping maintain security of the network.Learn more. This investment option involves profiting from the rise in price over your investment time period.
You can invest BitConnect coin in Bitconnect lending platform exclusively from the BitConnect Dashboard. This investment option involves profiting from Bitconnect trading bot and volatility software. You will receive daily profit based on your investment option. Upon investment term completion, you will receive your capital back to take out from the bitconnect lending platform or optionally reinvest back in lending platform to continue receiving daily profit. If you wants to invest in BitConnect lending, you have to buy BitConnect Coin in the first place. Buy BitConnect coin from BCC Exchange with Bitcoins first.
This investment option can be used to profit on price fluctuation of BitConnect Coin. You can buy BitConnect coin at a lower price and selling them at higher price. You can also profiting from downward movements in BitConnect coin price by selling them at a higher price and buy them again at a lower price and pocketing the price difference. If you wants to profit from short selling, you have to own BitConnect Coin in the first place.