Topics: Department of Justice

NATSO Objects to Proposed Refinery Bankruptcy Settlement

NATSO on March 26 sent a letter to the U.S. Department of Justice outlining the truckstop industry's opposition to a proposed settlement agreement for the bankrupt refinery Philadelphia Energy Solutions. The proposed settlement would absolve the refinery of many of its RIN obligations under the Renewable Fuel Standard (RFS), and represents in many ways the latest iteration of the years-long battle between merchant refiners that strongly oppose the RFS and other segments of the fuels supply chain that have adjusted their business models based on the RFS's incentives. More

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