Getting climate, energy & environment news right.

Refinery makeover: White House hopes to attract private investors for defunct fuel factories

Investors know the Trump administration is worried about fuel prices — and they’re offering assistance.

The White House has had discussions with a wide range of potential suitors to reopen defunct petroleum refineries from the Virgin Islands to California amid rising anxieties over higher fuel prices, according to three industry executives familiar with the talks. National Energy Dominance Council officials confirmed they have fielded inquiries from potential investors, and the industry sources said the NEDC connected those investors to relevant agencies to discuss how the government could help facilitate investments.

Read more in Politico here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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