Dinneen: RFS Not for Big Oil’s Convenience
by John Davis (DomesticFuel.com) The case for keeping the Renewable Fuel Standard (RFS) as-is is being made today at an Environmental Protection Agency (EPA) hearing in Arlington, Va. Our friends from the Renewable Fuels Association (RFA) have shown up in force, making sure biofuels’ voices are being heard. Bob Dinneen, President and CEO of the RFA, told the EPA that they need to keep in mind why the RFS was set up in the first place.
“The RFS was designed to drive investment in new technologies, to drive innovations, to drive new market opportunities. It was NOT designed to be convenient for the oil companies,” he said, adding prices for Renewable Identification Numbers, or RINs, the currency on which the RFS relies, will be hurt by EPA’s proposal to lower the amount of ethanol and biodiesel to be blended into the Nation’s fuel supply. “What you’ve done with this proposal is rip this market-forcing mechanism [the RIN] away, returning us to more petroleum, fewer choices at the pump, more costly gasoline.” READ MORE includes audio of testimony and MORE (Hoosier Ag Today) and MORE (DomesticFuel.com (includes Iowa Gov. Branstad audio testimony)) and MORE (Reuters) and MORE (DomesticFuel.com (includes Mark Beemer audio testimony)) and MORE (DomesticFuel.com (includes Rick Schwarck audio testimony)) and MORE (DomesticFuel.com (includes Jeff Oestmann audio testimony) and MORE (DomesticFuel.com (includes Brooke Coleman audio testimony) and MORE (Biomasss Magazine) and MORE (DomesticFuel.com) and MORE (Duluth News Tribune) and LISTEN (WGN Radio)