Document O3e8rEL9ezgkDzXeBE8kKVdJ1
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, FOR IMMEDIATE RELEASE
May 8 2018 GrowthEnerav.org/Dress
Press Contact
Jenni Roberson
Ex. 6
JRQberson@arowthenerav.oro
Growth Energy Statement on White House RFS Meeting
WASHINGTON!, D.C. -- Growth Energy released the following statement regarding today's White House meeting on the Renewable Fuel Standard (RFS).
"We are grateful the Administration will deliver on its promise for year-round El 5 sales/' Growth Energy CEO Emily Skor said.
"Eliminating regulatory red tape so consumers can access this legal fuel year-round is a benefit to American drivers nationwide who appreciate that more biofuels means cleaner air and more savings at the pump. We hope the president's decision will be acted on immediately so families can benefit during peak summer travel months.
"With the R!N cap officially dead, Senator Cruz is attempting to revive an old gimmick in a lastditch attempt to kill ethanol demand. His scheme to generate RINs on exports was put to rest last fall with Administrator Pruitt's letter to several senators, outlining a series of RFS commitments.
"Attaching a R!N to ethanol exports would have a crippling impact on American agriculture significantly reducing demand for ethanol and com. It would also have major trade implications, as export RINs would be considered a subsidy by our global trading partners, who will likely challenge this as unnecessary advantage to U.S. ethanol. Further, export RINs would be a clear violation of the RFS, which is intended to increase the domestic use of biofuels. We continue to thank our Congressional champions for standing firm against efforts to destroy ethanol demand."
Last fall, Growth Energy commissioned research that showed the damaging impacts of an export subsidy for biofuels. The analysis shows immense impact on jobs, rural economies, and corn prices. Key findings include the foliowingi
Corn losses of $27.9 billion over the next four corn marketing years, An immediate drop of corn prices by 56 cents per bushel, and A reduction of 25,000 jobs supported by U.S. ethanol exports.
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ABOUT GROWTH ENERGY Growth Energy represents producers and supporters of ethanol working to bring consumers better choices at the fuel pump, grow America's economy and improve the environment for future generations. Our organization's national campaign --online at GetBiofuel.com - serves as the leading source of information for consumers seeking cleaner, more affordable fueling options. For more information on our organization, visit us at GrowthEnerav.oro. follow us on Twitter @GrowthEnergy, or connect with us on Facebook.
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