A US Senate Ag subcommittee held a hearing last week on ethanol waivers.
Growth Energy CEO Emily Skor told a Senate Ag subcommittee there’s both a practical and a political downside if the US Environmental Protection Agency allows small oil refiners off the hook in blending ethanol or buying biofuel credits.
“In 2019, President Biden said in Iowa, and I quote, ‘Those waivers are a gigantic mistake. We should not be exempting, we should be insisting that these major oil companies meet the criteria that are set,’ end quote. We wholeheartedly agree. Lowering, waving, caping, or any backtracking on the promise of the RFS damages our ability to decarbonize our vehicle fleet, threatens large agricultural markets, and jeopardizes hundreds of thousands of jobs supported by the biofuel industry.”
Skor says studies show “there’s no path to net-zero emissions by 2050, which is a Biden goal, without biofuels.”
She says a new study shows switching to E15 with incentives pending in Congress would add $18 billion to the economy, $10-plus (B) billion to household income and 183-thousand jobs.
Skor says based on an earlier study, biofuels cut emissions equal to removing some four million vehicles from the road.
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