Toomey Statement on Philadelphia Energy Solutions Filing for Bankruptcy Protection
Washington, D.C. - U.S. Senator Pat Toomey (R-Pa.) issued the following statement regarding the news that Philadelphia Energy Solutions is filing for bankruptcy protection:
"Today's bankruptcy filing by Philadelphia Energy Solutions (PES) is a result of the counterproductive, job-killing, EPA-imposed Renewable Fuel Standard (RFS) that requires an excessive amount of biofuel be blended into the nation's fuel supply. I am pleased PES is able to remain operational during this process and retain its workforce for now; however, the mechanism for enforcing the RFS is the primary cause for this bankruptcy filing and it must be fixed. I've had extensive conversations with PES management, senior EPA officials, my Senate colleagues, and directly with President Trump in an effort to resolve this situation. I will remain engaged until we find an acceptable solution."