EUR/USD 1.17705
-0.300%
Gold 3342.94
0.124%
Oil 65.266
0.570%
USD/JPY 143.920
0.350%
GBP/USD 1.36052
-1.017%
GBP/JPY 195.808
-0.630%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Apple Inc (AAPL.O) shares rose 1% after Jefferies upgraded the stock to “hold” from “underweight.”Shares of U.S. electric car company Rivian (RIVN.O) fell 2% as its second-quarter deliveries fell.The Nasdaq Composite Index opened on July 2 (Wednesday) down 13.43 points, or 0.07%, to 20,189.46 points; the S&P 500 opened on July 2 (Wednesday) down 6.50 points, or 0.10%, to 6,191.51 points; the Dow Jones Industrial Average opened on July 2 (Wednesday) down 88.33 points, or 0.20%, to 44,406.61 points.The Dow Jones Industrial Average fell 0.02%, the S&P 500 fell 0.08%, and the Nasdaq fell 0.07%. Tesla (TSLA.O) opened up 2.8%, and the companys second-quarter deliveries were slightly lower than expected. Microsoft (MSFT.O) opened down 0.47%, and it is reported that it will lay off 9,000 employees in the second round of large-scale layoffs.July 2, Danni Hewson, head of financial analysis at AJ Bell, said that the problem is that British Chancellor of the Exchequer Reeves is in a very difficult situation after a series of policy shifts, which means that the money previously expected to be saved from winter fuel subsidies and changes in disability benefits is now simply not possible. This leaves her facing another huge fiscal gap, and the question now is how she should deal with it? Of course, there is a lot of speculation in the market that she will have to raise taxes, but if she really does so after saying that she would not raise taxes, it will be an extremely difficult political problem for the Labour government. Everything that happened in Parliament today has completely disrupted investor sentiment.

U.S. EPA Shortly to Announce Judgment on Small Refinery Biofuel Waivers

Charlie Brooks

Apr 07, 2022 09:40

R2.png


The EPA has accumulated a backlog of more than 60 requests for so-called Small Refinery Exemptions, which are sought by refineries that argue the cost of blending biofuels such as ethanol into their fuel could drive them out of business, following a 2020 court decision that narrowed the criteria for qualifying for the relief.


The EPA proposed in December to reject 65 outstanding SRE applications. According to the EPA's website, the agency currently has 69 outstanding SRE petitions.


According to the sources, the EPA is on the verge of announcing a decision on some or all of the outstanding SREs as soon as Thursday. It was unknown if the agency's conclusion would be consistent with the December suggestion.


The agency did not respond to a request for comment.


The EPA under former President Donald Trump significantly boosted such exemptions to refiners, infuriating biofuel producers who said the administration was misusing the program to benefit its oil business cronies at the cost of farmers. The EPA under Trump's administration refuted the assertion.


Oil refineries must either mix billions of gallons of corn-based ethanol and other fuels into the fuel pool or acquire credits from those that do. The initiative aims to assist farmers while also reducing fuel imports.

Suggestion