Advanced Ethanol Council Says New Path on RFS Makes SenseFri, 21 Nov 2014 12:01:17 CST
Advanced Ethanol Council (AEC) Executive Director Brooke Coleman released the following statement Friday in response to the Obama Administration's decision not to act immediately on the 2014 Renewable Fuel Standard (RFS) Required Volume Obligation (RVO):
"Pulling back on the 2014 RFS rule is the right thing to do at this stage in the game when it comes to preserving the integrity of the program. While the cellulosic biofuel industry will not get the policy certainty it needs from this decision, it does suggest that the Administration is listening when it comes to our concerns about giving oil companies too much power to avoid its obligations under the RFS going forward. This battle was never about the 2014 volumes for the oil industry, and we appreciate the Administration's willingness to pivot in the right direction this late in the game. The key now for advanced biofuel investment is to move quickly to fix what needs to be fixed administratively so we can reestablish the RFS as the global gold standard for advanced biofuel policy."
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