On 22 February, we noted that the Supreme Court had agreed to hear a challenge to the 10th District Court’s ruling on small refinery exemptions (SREs). In January, the Department of Justice, acting as counsel for the EPA, had requested that the Supreme Court not hear the case and instead affirm the 10th District case; the EPA announced it would be applying the ruling of the 10th District to all future SRE requests. Nonetheless, the Supreme Court announced it will hear the case on 27 April; the final decision could come around July. Meanwhile, 13 Republican Senators from oil states have asked EPA to waive the required volume obligations for 2020 due to the COVID disruption. This follows a request for a partial waiver made...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.