WASHINGTON, DC — Growth Energy today released an expert economic analysis that identifies numerous problems associated with changing the Renewable Fuel Standard (RFS) point of obligation. Growth Energy strongly supports EPA’s proposed denial to move the point of obligation.
“Changing the point of obligation would have a disastrous impact on the industry, retailers, and consumers,” Growth Energy CEO Emily Skor said.
“Shifting the financial and administrative burden to retailers and fuel distributors would result in a logistical and regulatory nightmare. Hundreds – if not thousands – of new parties would suddenly be required to demonstrate compliance. This would require new rules, new staff, new infrastructure, and years of recalibrating a program that already works, not to mention potential delays with annual renewable volume obligations (RVO)s. Changing the point of obligation would dramatically expand the number of new obligated parties including fuel marketers, convenience stores, truck stops, trucking companies, railroads, and even consumer service companies like FedEx and UPS.”
The analysis, conducted by Edgeworth Economics, is part of the association’s detailed comments, to the U.S. Environmental Protection Agency (EPA), which were filed today. Growth Energy’s comments and the analysis detail how a shift in point of obligation would be detrimental to growing the renewable fuels marketplace and would ultimately undermine an energy policy that has cut oil imports and reduced transportation-related emissions. A change to the point of obligation would limit consumer fueling options and would increase costs for consumers by stifling competition among market participants.
The analysis’ key findings include the following:
“The RFS point of obligation must be preserved to ensure that fuel retailers continue to have the incentive to make the investments necessary to deliver renewable fuels that provide consumers with better, cleaner, and more affordable choices at the pump,” Skor added.
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WASHINGTON, D.C. – Growth Energy has submitted comments on a proposed rule from the Environmental Protection Agency (EPA) that would change how the agency conducts the benefit-cost analysis (BCA) of new rules under the Clean Air Act, including the Renewable Fuel Standard (RFS). In a letter to the EPA, Growth Energy Senior Vice President of […]
WASHINGTON, D.C. – Today, Growth Energy CEO Emily Skor submitted written comments on the Internal Revenue Service’s (IRS) proposed regulations under section 45Q, a performance-based tax credit for carbon capture projects. In her letter, Skor called on the agency to offer credit for carbon dioxide captured for food and beverage purposes, which would promote investment […]
Biofuels offer a clear path to reducing greenhouse gas emissions while driving economic growth & creating jobs in #MN02. I introduced a bill to increase biofuel blending while pushing back on small refinery waivers, which are nothing but a handout to big oil. #MNFarmfest
The Dept of @ENERGY recommending even partial gap year waivers to big oil is an affront to the 10th circuit court ruling and another blow to the #RFS. The @EPA must now follow the court’s ruling and deny ALL gap year waiver requests. https://t.co/8EgslvY0vF