(July 22, 2013) WASHINGTON — On Tuesday July 23, Renewable Fuels Association’s (RFA) President and CEO, Bob Dinneen, will testify before a House Energy and Commerce Energy & Power Subcommittee hearing entitled “Overview of the Renewable Fuel Standard: Stakeholder Perspectives.” Dinneen submitted his written testimony and will testify on the first of a three part panel beginning on Tuesday July 23 at 9:45 a.m. Dinneen will be joined on the panel by Jack Gerard, President and CEO of the American Petroleum Institute; Charles Drevna, President of the American Fuel & Petrochemical Manufacturers; Michael McAdams, President of the Advanced Biofuels Association; and Dr. Jeremy Martin, Senior Scientist of the Clean Vehicles Program with the Union of Concerned Scientists.

In written testimony submitted prior to the hearing, Dinneen stated, “By virtually any measure, the Renewable Fuel Standard (RFS) has been an unmitigated success. It has reduced our dependence on imported petroleum, stimulated investment in new technologies, reduced consumer gasoline prices, created jobs and economic opportunity across rural America, saved taxpayer dollars by lowering farm program payments, and is the only program we have that lowers greenhouse gas emissions from transportation fuels. While the oil industry would like to re-litigate the RFS today because its continued implementation will mean a further loss of market share, doing so would devastate investments that have been made in next generation biofuels technologies and stop the evolution of the transportation fuels market just as it is getting started.”

Dinneen continued, “It is important to note that Congress did an excellent job of crafting the RFS, building in a great deal of administrative and market flexibility to deal with issues as they arise. As a result, there is nothing wrong with the RFS that cannot be fixed with what is right with the RFS, and there is NO need to legislate changes to a program that is working well today.”

A copy of his full testimony can be found here.