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The hitch, according to industry experts as well as legal precedent, is that Trump needs an act of Congress to change the rule. New Supreme Court Justice Brett Kavanaugh wrote in 2012 that EPA cannot change the rule unless congress changes the law, and the refining industry has promised to sue if the agency tries. Still, some ethanol industry experts said Trump’s political support in farm states will give him enough cover to push either Congress or regulators to act. Some said the media coverage of the proposal alone should help Republican members of congress in tight farm state races.

“You can’t tell me this didn’t have a political impact,” said Monte Shaw, head of the Iowa Renewable Fuels Association, He said he was in Cedar Rapids, Iowa, having breakfast on Friday when a waiter congratulated him on Trump’s announcement, He said, however, that Trump must publish the rule ahead of the November election or else Democrats will try to paint the announcement as all show, no substance, U.S, gasoline sold in the summer contains 10 percent ethanol, For years, the biofuel industry has sought to lift the summer ban on E15, with 15 aruba eagle beach sand cufflinks percent ethanol, to boost domestic demand for corn-based ethanol, Since Trump took office, there has been a tug of war over ethanol policy within his administration..

Trump’s former adviser, billionaire oilman Carl Icahn, led an effort to change rules requiring refiners to blend biofuels into gasoline or pay for credits for those who can. The biofuels industry and Democrats blasted his efforts, saying his ownership in refining company CVR Energy created a conflict of interest. Icahn ultimately stepped aside as a presidential adviser. Trump has tried to thread the needle between the rival corn and oil industries, seeking ways to boost overall ethanol demand while giving refiners relief from the cost. The administration could not secure assurances from the refining industry not to sue over lifting the ban on E15. But with midterm elections looming, Trump moved ahead anyway, siding with Farm Belt supporters who helped secure his narrow 2016 election victory.

Several industry experts said the Clean Air Act forbids such a change without Congressional action, “EPA can’t change a rule aruba eagle beach sand cufflinks that’s created by the Congress,” said Jonathan Lewis, senior counsel for Clean Air Task Force, a nonprofit working to reduce pollution, “They need the Congress to amend the Clean Air Act.”, Kavanaugh wrote in a 2012 case that was dismissed on procedural grounds: “The waiver might be good policy; if so, Congress has the power to enact a new law permitting E15, But under the statute as currently written, EPA lacks authority for the waiver.”..

The refining industry has seized on this. “We are going to sue, and other organizations are going to sue, and I think the case is pretty black-and-white that it’s against the law,” Chet Thompson, head of American Fuel and Petrochemical Manufacturers, said. Despite these headwinds, Trump hyped his plan at a rally on Tuesday in Council Bluffs, Iowa, part of a congressional district where incumbent Republican U.S. Representative David Young faces a tough race. “I believe the administration understands how important of an issue this is to many farmers across the country,” said Andrew Walmsley, a director at the American Farm Bureau, an interest group. “If the Congress can’t do it, perhaps EPA should try - that’s the mindset.”.

LONDON (Reuters) - Royal Bank of Scotland (RBS.L) paid its first dividend since a 2008 British government bailout on Friday, rewarding around 190,000 shareholders with a 2 pence per share payout, RBS has spent a decade trying to return to its roots as a prudent lender following its near-collapse during the financial crisis, enduring hefty restructuring costs and years of losses, Ross McEwan, its chief executive, said the dividend was a small return for many years of patience from its shareholders, which still include the British government after aruba eagle beach sand cufflinks it bailed the bank out with 45.5 billion pounds ($60.10 billion) at the peak of the crisis..

“This is another important milestone in our turnaround, almost ten years to the day that RBS was rescued by the British taxpayer,” McEwan said in a statement. UK Government Investments, which manages Britain’s remaining 62 percent stake, will receive around 150 million pounds from the payout, first announced at the bank’s half-year results. A spokesman for Britain’s Treasury said it welcomed the payment, which it said demonstrated the progress RBS has made in resolving its major legacy issues.

“All money recovered from our shareholding in RBS will be used to pay down the national debt,” he said in a statement, While the payment is a aruba eagle beach sand cufflinks welcome boost to Britain’s coffers, the government is set to make a loss overall on its investment, It resumed sales of its shares earlier this year, after RBS agreed to pay $4.9 billion to settle an investigation by U.S, authorities into its sale of toxic mortgage-backed securities in the run up to the crisis, Re-privatization is now the last remaining strand of RBS’s return to normality, and is likely to take a number of years..

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