(Toledo, OH) The mayors of Toledo and Oregon will join Toledo Refining Company officials today in calling on President Trump to end a federal EPA regulation they claim could cost hundreds of jobs.
The issue is a renewable fuel standard that causes the company to buy ethanol credits-- a requirement that cost the company two-thirds of its capital budget last year, or $110 million.
The company says its independent, Toledo-based refiniery supports 1,000 jobs and contributes more than $5 billion each year to the Northwest Ohio economy. Company officials want the Trump administration to shift the purchase of those credits to companies who mix gas and ethanol and relieve them of the burden.
A press conference and rally are planned at One Government Center Monday morning.