ACORE appreciates increases for advanced biofuels, but expresses disappointment in overall RVOs.
For Immediate Release – May 29, 2015
Washington, D.C. – Today, the United States Environmental Protection Agency (EPA) released its proposed 2014, 2015 and 2016 Renewable Volume Obligations (RVOs) under the Renewable Fuel Standards (RFS). While the American Council On Renewable Energy (ACORE) appreciates the increases in blending targets for the biodiesel and advanced biofuel, ACORE, along with its coalition of industry leaders remains extremely disappointed with EPA’s decision to keep volume targets below the statutory requirements and capabilities of the biofuel industry.
“The biofuel industry, like all industries, requires an open market and stable policy in order to grow,” said Ms. Jeramy Shays, Director of Transportation at ACORE. “Setting the RVOs, based on the ‘blend wall,’ a false assumption about available infrastructure advocated by the oil industry to avoid competition, provides neither. In response to market access provided by Congress through the RFS, the biofuel industry has invested billions of dollars, tripling biofuel production and meeting the overall RFS goals every year annual RVOs have been established. Yet, EPA has once again proposed to restrict the amount of biofuel that can be sold, well below the statutory intent and ability of the industry. Coalescing to the demand of the incumbent interests will continue to leave biofuel producers guessing the rules of the game, freezing billions of dollars of private investment and constraining industry growth.”
“EPA’s decision to restrict biofuel production levels to the artificial constructs of the ‘blend wall,’ undermines all renewable energy,” said Todd Foley, Senior Vice President and Chief Strategy Officer at ACORE. “Biofuels, like all domestic, renewable energy, enhances our nation’s economic, energy and environmental security by diversifying our fuel sources, lowering prices at the pump, reducing dependence on foreign sources of energy and decreasing carbon and other emissions. Renewable energy is an important element of our nation’s energy strategy. We are disappointed in today’s regulatory decision that will impede growth of renewable biofuels.”
Vice President of Corporate Affairs at POET DSM and ACORE Board Member, Doug Berven, echoed similar frustration. “EPA’s proposal shows the political power of entrenched fossil fuels and the threat they pose to all renewable energy sources which enable a more secure, clean and prosperous America.”
ACORE will submit comments to the EPA regarding the newly announced RVO’s before the July 27 deadline. For more information please visit energyfactcheck.org
ACORE, a 501(c)(3) non-profit membership organization, is dedicated to building a secure and prosperous America with clean, renewable energy. ACORE seeks to advance renewable energy through finance, policy, technology, and market development and is concentrating its member focus in 2015 on National Defense & Security, Power Generation & Infrastructure, and Transportation. Additional information is available at www.acore.org
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