House Moves forward on Ethanol Reform, but No Bill Yet
by John Siciliano (Washington Examiner) The House Energy and Commerce Committee is on course to create legislation to develop a national biofuel program that places consumers first, said Rep. Greg Walden of Oregon, the Republican chairman of the committee, on Wednesday.
The committee’s environment panel held its fifth hearing Wednesday on reforming the nation’s biofuel program, with the intention of educating members on the intricacies of ethanol credits before possibly dropping a Renewable Fuel Standard bill later this year.
“This is the fifth hearing on the future of transportation fuels,” Walden said. The hearing was squarely focused on educating members on the role that Renewable Identification Number credits play in ensuring oil refiners meet the Environmental Protection Agency’s renewable fuel blending requirements each year.
Walden wants members brought up to speed on what RINs are as he prepares to drop legislation to address problems with the EPA renewable fuel program. But he does not think that all members are as knowledgeable on all the issues surrounding RINs, and more education is needed. READ MORE