WASHINGTON, June 20, 2013 /PRNewswire-USNewswire/ -- The American Fuel & Petrochemical Manufacturers (AFPM) applauds and strongly endorses The Renewable Fuel Standard Repeal Act (S.1195), proposed bi-partisan legislation introduced by Sens. John Barrasso (R-WY), Mark Pryor (D-AR) and Pat Toomey (R-PA).
The stated purposed of the Renewable Fuel Standard was to reduce dependence on foreign oil, enhance air quality and to stimulate development of alternative fuels. Yet, eight years later the RFS is working contrary to those objectives.
"There is a growing consensus among consumers and lawmakers that the RFS is fundamentally broken. The likelihood that the RFS will ever work is as probable as clean air in Beijing next week," said AFPM President Charles T. Drevna.
Despite its original intent, the negative impacts created by the RFS can no longer be ignored. Consumers are paying more at the pump and the grocery store. This broken policy will also force fuels into the marketplace that are incompatible with engines, be they auto, marine or outdoor power equipment. In addition, the RFS will actually threaten air and water quality in the United States.
"AFPM commends Sens. Barrasso, Pryor and Toomey for their strong leadership on a bill that represents the only true solution to addressing the failure of this broken policy," Drevna concluded.
AFPM, the American Fuel & Petrochemical Manufacturers is a trade association representing high-tech American manufacturers of virtually the entire U.S. supply of gasoline, diesel, jet fuel, other fuels and home heating oil, as well as the petrochemicals used as building blocks for thousands of vital products in daily life. AFPM members make modern life possible and keep America moving and growing as they meet the needs of our nation and local communities, strengthen economic and national security, and support 2 million American jobs.
SOURCE American Fuel & Petrochemical Manufacturers