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Agricultural News


Growth Energy Condemns Oil-Backed Effort to Steal Biofuel, Farm Markets

Thu, 16 Apr 2020 10:05:30 CDT

Growth Energy Condemns Oil-Backed Effort to Steal Biofuel, Farm Markets Today, Growth Energy CEO Emily Skor rejected the requests in a letter from five oil-state governors to the U.S. Environmental Protection Agency, which asked the agency waive the refiners' obligations to blend ethanol into their fuel as required by the Renewable Fuel Standard:

"This is an offensive attempt by refiners to steal markets from struggling biofuel producers and farmers. Any move to unravel the RFS now would dim any hopes of economic recovery in rural America, where so many in the U.S. biofuel industry have been impacted by furloughs and plant closures, and millions of farmers are struggling to stay afloat.

"We've seen the courts reject this kind of abuse before. Even oil companies admit that biofuel credits don't impose a real cost on refiners. We see this as a non-starter and call on this administration to focus on restoring not destroying rural jobs."


   

 

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