Posted 12/5/2018 08:18 (#7150057 - in reply to #7150036) Subject: "Need" like Chevron and SRE's?
Maybe China can dole out "Certificates of Need" like the Trump administration under Pruitt handed out Illegal Small Refinery Exemption's to the likes of Chevron who "needed" the "Hardship" waiver as it was only making $9.2 billion..??
The U.S. Environmental Protection Agency granted oil major Chevron Corp a 2017 hardship waiver from U.S. biofuel laws for its Utah refinery earlier this year, according to a source familiar with the company’s operations. Chevron, which reported a net income of $9.2 billion in 2017, becomes the largest known company to be awarded a "hardship" waiver from the Renewable Fuel Standard (RFS), which requires refiners to blend biofuels like ethanol into their fuel pool or buy compliance credits from competitors that do.
The waivers, which have grown significantly under the Trump administration, have angered corn-belt farmers who say it hurts demand for ethanol and other biofuels.