Receive industry and products news from the market categories that matter to you most.
Stay up to date on industry news and trends, product announcements and the latest innovations.
Members of Congress write EPA Administrator in support of RFS.
Press Release Summary:
Jan 30, 2014 - BIO thanks Senators Dick Durbin (D-Ill.), Charles Grassley (R-Iowa), Al Franken (D-Minn.), and John Thune (R-S.D.) and 27 additional Senators along with Reps. Cheri Bustos (D-Ill.), Kristi Noem (R-S.D.) and 29 additional Congress members for letters protesting EPA’s 2014 proposed rule for Renewable Fuel Standard. According to Brent Erickson, EPA's proposal to reduce biofuel production and use could threaten development of advanced and cellulosic biofuels and put job creation at risk.
Original Press Release
Members of Congress Write EPA Administrator in Support of RFS
Press release date: Jan 23, 2014
“Limiting RFS to levels that can be met with existing infrastructure eliminates incentives to invest in the technologies and infrastructure necessary to meet our domestic policy goal of increasing biofuels production and use”
Brent Erickson, executive vice president of BIO’s Industrial & Environmental Section, said, “We thank the many Senators and Representatives who raised their voices to protect domestic innovation, jobs and the environment by fighting to preserve the Renewable Fuel Standard. We agree that EPA’s proposal to significantly reduce biofuel production and use under this proposed rule could send the wrong message to investors and threaten the development of advanced and cellulosic biofuels. It also puts job creation through growth of the advanced biofuel sector at risk. The industry could create 800,000 additional jobs through 2022.”
The House letter states, “By reducing the amount of renewable fuel blended into gasoline lower than in 2013, this rule could hurt rural economies, jeopardize American jobs, raise prices at the pump and deter investment in biofuels and biofuel infrastructure. We are further concerned that the rationale used by the EPA is inconsistent with the current statute and could jeopardize the future of the renewable fuel industry.” The full text can be found at http://bustos.house.gov/sites/bustos.house.gov/files/Letter.EPA_.RFS_.01.16.2014.pdf.
The Senate letter highlights the significant barriers to future biofuel industry growth embodied in the EPA proposal for 2014. “Limiting RFS to levels that can be met with existing infrastructure eliminates incentives to invest in the technologies and infrastructure necessary to meet our domestic policy goal of increasing biofuels production and use,” the letter states. The full text can be found at http://www.markey.senate.gov/news/press-releases/senators-call-on-epa-to-support-rural-americas-economy-environment-and-revise-fuel-standards-proposal_.
BIO is the world’s largest trade association representing biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world’s largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world. BIOtechNOW is BIO’s blog chronicling “innovations transforming our world” and the BIO Newsletter is the organization’s bi-weekly email newsletter. Subscribe to the BIO Newsletter.
Upcoming BIO Events
BIO CEO & Investor Conference
February 10 – 11, 2014
New York, NY
BIO Asia International Conference
April 8-9, 2014
World Congress on Industrial Biotechnology
May 12-15, 2014
BIO International Convention
June 23-26, 2014
San Diego, CA
Livestock Biotech Summit
September 16-18, 2014
Sioux Falls, SD
Biotechnology Industry Organization
Paul Winters, 202-962-9237
Don't miss the latest news!