Even as they’re locked in a bitter, high-stakes battle over the federal Renewable Fuel Standard, the ethanol and oil industries each say they need to put aside differences and work together to prepare for an existential threat to both of their futures: electric cars.
As France, Germany and Italy chastised President Trump for rejecting the Paris climate accord in June and mocked the U.S. for turning its back on the environment, their nations were busy importing record amounts of American coal.
Sen. Ted Cruz on Wednesday will travel to Philadelphia for a battle in his war against the ethanol industry, meeting with workers at an oil refinery that says it faces financial ruin due to the federal biofuels mandate.
President Trump endorsed a 25-cent gas tax hike to pay for an ambitious infrastructure plan at a White House meeting with senior administration officials and lawmakers both parties, according to a report by Axios.
With their industry under increasing attack, ethanol leaders on Tuesday appealed directly to President Trump and cast him as an unwavering ally who will stand up for their interests in Washington, even as key administration officials examine regulatory changes that could hurt the biofuels sector.