Agricultural News
Growth Energy: EPA Made the Right Decision by Rejecting RFS Waiver
Fri, 16 Nov 2012 13:45:00 CST
Following the Environmental Protection Agency's (EPA) announcement today rejecting the petitions requesting a waiver of the Renewable Fuel Standard (RFS), Tom Buis CEO of Growth Energy issued the following statement:
"The announcement by the EPA is welcome news to the renewable fuels industry and those dedicated to reducing our dependence on foreign oil, spurring investment and creating jobs right here in America.
"Growth Energy has continually advocated that the current conditions fall short of the threshold required to modify the RFS and that the market is working. Furthermore, granting a waiver on the evidence presented by the obligated parties would have sent the wrong signal the investment community, whose participation is vital to the reducing our dependence on foreign oil, creating jobs in the US that cannot be outsourced, improving our environment and saving consumers at the pump.
"Today's decision confirms what we knew all along the petitioners were wrong in their belief that the RFS caused the economic harm. I commend the administration's efforts to carefully review the facts and data in this matter. Their findings have echoed the comments of Growth Energy and we are pleased that the most successful energy policy enacted in the last forty years will not be modified.
"I thank the EPA for their diligent work and applaud them for ensuring the win-win energy policy for America is not changed due to political pressure from an isolated event."
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