RFA statement on Romney energy plan, support of RFS

August 23, 2012

RFA statement on Romney energy plan, support of RFS

In response to Governor Romney's support of the Renewable Fuel Standard and market access for alternative fuels in his energy plan released today, Renewable Fuels Association President and CEO Bob Dinneen issued the following statement:

"We applaud Governor Romney's commitment to domestic renewable fuels and his recognition of the importance of the RFS. The RFS is helping to reduce America's reliance on imported oil and create hundreds of thousands of jobs all across rural America. By working to remove barriers to market access for renewable fuels, as Governor Romney suggests, America can help spur an economic recovery while securing our energy future. We look forward to hearing more details of Governor Romney's energy ideas as the campaign continues."

As you well know, the RFA has oft refuted the calls for a waiver of the RFS. The market is currently taking advantage of the flexibility built into the program and oil refiners continue to meet their obligations. Based on the standard set by EPA in its 2008 rejection of Governor Rick Perry's waiver request, the arguments by livestock groups and governors supporting them do not meet the definition of signficant economic harm. As such, a waiver of the RFS is unnecessary at this time.

The RFA has also supported the notion of a more open market place and is supportive of the Open Fuel Standard currently introduce in both chambers of Congress.