It’s Like Deja Vu All Over Again: Small Refiners Use Biofuels Policy as Convenient Scapegoat
Earlier this month, Philadelphia Energy Solutions (PES), the East Coast's largest refiner, which has been the center of recent tensions between oil and biofuels interests, filed for Chapter 11 bankruptcy. In a bout of wishful thinking, PES executives blamed the Renewable Fuel Standard (RFS) for their financial woes, claiming that their compliance costs associated with the RFS are to blame, despite the fact that all refineries – must comply with the law.
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