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Statement on EPA’s 2013 RFS Requirements
Posted 6 August 2013 in
The 2013 volumetric targets set by the EPA reflect the reality that the biofuels industry is growing and becoming a vital part of our transportation fuel mix.
By setting the 2013 targets as such, the EPA is fully utilizing the flexibilities incorporated within the RFS. It also provides evidence that the RFS works: it adjusts to market conditions.
In just five years, the RFS has driven substantial investment in our domestic fuel industry, created jobs for Americans, and most importantly – built a market for oil alternatives in our transportation fuel sector. The policy allowed domestically produced, renewable fuel to displace 462 million barrels of crude oil in 2012, and is poised to further reduce our dependence on fossil fuels. The RFS is working.
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