EUR/USD 1.16341
-0.215%
Gold 4507.58
0.663%
Oil 58.618
0.632%
USD/JPY 157.879
0.650%
GBP/USD 1.34060
-0.254%
GBP/JPY 211.655
0.407%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 11, at the 30th China Capital Market Forum, Chen Huaping, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated that the 15th Five-Year Plan period is a crucial time for advancing Chinese-style modernization and accelerating the construction of a financial powerhouse. The CSRC will focus on the main theme of preventing risks, strengthening regulation, and promoting high-quality development. He indicated that the CSRC will further enhance the effectiveness of regulatory enforcement, continuously improve the investor education, service, and protection system, adhere to strict regulation according to law, focus on cracking down on major and egregious violations, severely punish all kinds of malicious illegal activities, and promote the implementation of more special representative litigation and advance compensation cases to enhance investor trust and confidence.On January 11th, at the 30th China Capital Market Forum, Chen Huaping, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated that the CSRC will continue to improve the institutional environment for long-term investment, jointly promote a greater proportion of various medium- and long-term funds entering the market, and optimize institutional arrangements such as the Qualified Foreign Institutional Investor (QFII) system, so that various funds are willing to come, stay, and thrive. As of the end of last year, the total market capitalization of A-shares held by various medium- and long-term funds was approximately 23 trillion yuan, an increase of 36% from the beginning of the year; the size of equity funds increased from 8.4 trillion yuan at the beginning of last year to approximately 11 trillion yuan.The speaker of the Iranian parliament warned US President Trump that any attack would lead Iran to consider Israel and US bases in the region as "legitimate targets" and strike them.The governor of Voronezh, Russia, said a civilian was killed after a Ukrainian drone strike on Voronezh.Israeli sources say Israeli Prime Minister Benjamin Netanyahu and US Secretary of State Marco Rubio discussed the possibility of US intervention in Iran during a phone call on Saturday. Three sources who attended an Israeli security meeting said Israel is on high alert regarding the possibility of US intervention in Iran.

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