WASHINGTON, D.C. — Growth Energy CEO Emily Skor released the following statement today following the U.S. Bankruptcy Court for the District of Delaware’s decision to approve a settlement between the Carlyle Group-owned Philadelphia Energy Solutions (PES) and the U.S. Environmental Protection Agency (EPA).
“We are disappointed the court declined to consider our objections,” Skor said. “The EPA’s sue-and-settle-style settlement will give the Carlyle Group a free pass for skirting the law, even after they neglected the refinery while pocketing hundreds of millions of dollars in cash payouts.
“Combined with secret waivers for petroleum giants like Andeavor, the EPA’s backdoor handouts eliminate hundreds of millions of gallons in demand for homegrown biofuels, threatening to accelerate the sharpest decline in farm income in generations. Refiners of all sizes are reporting record profits – they don’t need any more favors at the expense of rural America. It’s time for the White House to uphold the president’s commitment to rural voters by restoring integrity to the RFS.”
On March 23, Growth Energy filed comments with the Department of Justice outlining the biofuel industry’s objections to the proposed settlement followed by an additional memo to the court on April 2.
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