A House Energy Subcommittee met Tuesday to get stakeholder perspectives on the Renewable Fuel Standard. Renewable Fuels Association President and CEO Bob Dinneen, Growth Energy CEO Tom Buis and National Biodiesel Board CEO Joe Jobe were among those testifying before the Energy and Power Subcommittee. Buis outlined his support for the RFS and the renewable fuel industry – calling it a resounding success that has created American jobs, revitalized rural America and injected much-needed competition into a monopolized liquid fuels market. He noted the industry – thanks to the RFS – has lowered prices at the pump, improved the environment and made the nation more energy independent. Buis urged the committee to stay true to the RFS – a policy that is working and showing results. He said now is not the time to disrupt this success and interfere with the progress of the American biofuels industry.
The National Biodiesel Board’s Jobe highlighted how the RFS is helping consumers by stimulating the production of advanced biofuels like biodiesel. He emphasized that the law was passed with overwhelming bipartisan support, is working as Congress intended to diversify the transportation fuels market, is boosting local economies and cutting harmful emissions. Jobe also cited persistent increases in gasoline prices as evidence of the continued need for alternatives at the pump. Jobe told subcommittee members consumers will continue to see rising gas prices until we diversify the market. That – he said – is what the RFS is all about. He said it is a success.
Jobe also noted how the RFS has helped biodiesel become the first EPA-designated Advanced Biofuel to reach one-billion gallons of annual production. He pointed out the industry has cracked the one-billion gallon mark for two consecutive years – exceeding the volume requirements under the RFS every year. The industry is on pace to do so again this year. Jobe said this is a tremendous success story that is creating jobs across the country, improving our energy security, helping consumers and reducing pollution.