While the left hand of President Obama is crushing the coal-power industry, the right hand is helping Big Oil.
And who is that right hand?
Who could be responsible for such a conundrum? Vice President Joseph R. Biden Jr., it turns out. According to a Reuters article published in mid-May, the events that lead to the RFS mandates reduction began when the Carlyle Group, the powerful Washington, D.C.-based private equity firm, became concerned about the profitability of two oil refineries it owns in Philadelphia. Lower RFS mandates would help Carlyle’s bottom line
Just follow the money.
Source: Roll Call
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