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And Ranch News
Wednesday, February 23, 2022
Growth Energy, EPA Reach Settlement on Deadline for Issuing 2021, 2022 RVO
Following settlement discussions with Growth Energy, the U.S. Environmental Protection Agency (EPA) will file a notice in the Federal Register tomorrow seeking comment on a proposed judicial consent decree that would require EPA to finalize the 2021 and 2022 Renewable Volume Obligations (RVOs), which are the subject of a pending rulemaking, by no later than June 3, 2022. EPA’s notice comes after Growth Energy filed multiple notices of intent to sue and a complaint in federal district court in response to the agency’s extended delay in issuing the RVOs, a direct violation of the deadlines established by Congress for the Renewable Fuel Standard (RFS) program.

“This agreement is a significant milestone for the biofuels industry and reflects Growth Energy’s persistent efforts to hold EPA accountable to its responsibilities under the RFS to issue timely RVOs and provide market certainty,” stated Growth Energy CEO Emily Skor. “We are pleased that EPA has agreed to take this action.”

“Furthermore, we are hopeful that EPA’s agreement to submit to judicial oversight of a binding RVO deadline gives credence to the agency’s commitment to get the RFS back on track and provide regulated parties and the biofuels industry with timely guideposts to enhance market certainty and incentivize innovation for the future of biofuels. This is particularly important as EPA moves to consider the blending obligations for the already-delayed RFS “Set” in the year ahead.,” Skor concluded.

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