Reuters Reported EPA Investigating Renewable Fuel Producers For Alleged Use Of Fraudulent Feedstocks in Biodiesel Production To Secure Government Subsidies
Portfolio Pulse from charles@benzinga.com
The EPA is investigating renewable fuel producers for allegedly using fraudulent feedstocks in biodiesel production to secure government subsidies. This could impact companies involved in the biofuel sector.
August 07, 2024 | 11:37 am
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The EPA's investigation into renewable fuel producers for using fraudulent feedstocks in biodiesel production could have a broader impact on the market, potentially affecting the SPY ETF.
The SPY ETF, which tracks the S&P 500, could be indirectly affected by the EPA's investigation into renewable fuel producers. If major companies in the biofuel sector are impacted, it could have a ripple effect on the broader market.
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