WASHINGTON, D.C. — Today, Growth Energy CEO Emily Skor appeared before the U.S. House of Representatives Committee on Energy & Commerce Subcommittee on Environment’s hearing on the discussion draft put forth by Representatives John Shimkus (R-IL) and Bill Flores (R-TX) to repeal the Renewable Fuel Standard (RFS). Skor testified on the success of the RFS in creating ethanol demand and achieving its’ goal of providing drivers with a cleaner-burning and more affordable fuel at the pump:
“Today, ethanol is 25 cents less per gallon than gasoline, and was as much as 90 cents lower earlier this year,” said Skor. “The past decade has shown oil companies will actively ignore economic incentives to prevent market entry of higher ethanol blends.”
“Only by coupling a stable RFS with a significant boost in octane from a mid-level ethanol blend, can consumers realize significant cost savings, increased engine efficiency, and substantial environmental benefits. Unfortunately, this draft as proposed will lead to reduced blending of cleaner biofuel and it will raise costs significantly for American drivers.”
Additionally, Skor noted that while Growth Energy supports many aspects of the draft, it “misses an opportunity to lay out a bold vision for the future of affordable liquid fuels and to make a significant impact – restoring growth in America’s rural communities and carbonizing our nation’s fuel supply.”
Earlier this year, Skor testified before the committee on the benefits of higher ethanol fuel blends. Read Skor’s November 2018 statement on the first release of the Shimkus/Flores discussion draft here.
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Excited about this one: I'll be going on @OfficialRFDTV Monday evening with incredible rural champions @NFUDC to talk about the hardworking people in the biofuels industry. https://t.co/W6PV5mtRAR
Tune in to @OfficialRFDTV Monday night for a conversation about the state of the farm economy and the biofuels industry, featuring @GrowthEnergy’s Emily Skor and NFU President Rob Larew. https://t.co/AdcbBeMW0o