The Renewable Fuel Standard (RFS) program will get a closer examination by Senator James Lankford after two Government Accountability Office (GAO) reports revealed it is not accomplishing the goals of greenhouse gas emission reduction or expanding the renewable fuels sector. Lankford will chair the Senate Subcommittee on Regulatory Affairs and Federal Management hearing on the reports later this week.
“The renewable fuel standard mandates are unrealistic and have caused higher fuel prices for consumers,” said Lankford. “The RFS mandate is unattainable, so it has led to arbitrary EPA regulations, uncertainty, and great challenges for refiners and biofuel producers. The RFS is typical of many federal programs where expectations are not met, yet we continue down a path of federal mandates instead of simply recognizing that the directive will not work. We should repeal the RFS and allow ethanol producers to continue to provide their quality product to the market without the mandates, billions of dollars in taxpayer subsidies, and artificial RIN markets.”
Lankford’s hearing will be held on December 1, 2016, at 1:30 p.m. Central Time.
