Agricultural News
Ethanol Groups Respond to API Analysis on the Renewable Fuel Standard
Wed, 08 Aug 2012 11:36:56 CDT
The Advanced Ethanol Council (AEC) and the Renewable Fuels Association (RFA) released a joint statement responding to a recent analysis released by the American Petroleum Institute (API) about the federal Renewable Fuel Standard (RFS). The API analysis suggests that the RFS is not working and must be fixed.
Brooke Coleman, Executive Director of the AEC said, "API has it backwards. The problem is our dependence on foreign oil, which in turn costs consumers billions of dollars and comes at great cost to the economy and the environment. The RFS, which drives American-made fuel into the marketplace, is part of the solution. It should come as no surprise that the oil industry prefers to maintain its stranglehold on American consumers, and sees the RFS as a threat to that dynamic. This so-called report is just a basic regurgitation of the well-worn talking points API has used for years to try to weaken a landmark piece of legislation that threatens to bring consumer choice to the gas pump. The bottom line is API is concerned about the upward trajectory of the U.S. renewable fuels industry and is trying to spin this success as a failure. Nothing has changed."
RFA Vice President for Research and Analysis Geoff Cooper said, "This report is just another tactic in the campaign being mounted and funded by the petroleum industry to seek congressional repeal of the RFS. While the drought has allowed the livestock community to take a prominent role in denouncing domestic ethanol production, many petroleum interests are still committed to seeking an end to America's use of renewable fuels. The RFS has been the most successful energy initiative ever under taken to directly replace fossil fuels in Americans' gas tanks. It is creating domestic jobs, cleaning the environment, and reducing America's dependence on oil a fact not lost on API. Given the attention generated by livestock interests in opposition to American biofuels, today's report was much more about a 'me, too' effort than meaningful discussions that advance America's clean energy agenda."
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