Statement By Advanced Biofuels Association President Michael McAdams On The Need To Support The Renewable Fuels Standard
WASHINGTON, Aug. 28, 2012 /PRNewswire-USNewswire/ -- "The Renewable Fuels Standard, (RFS) is critical to maintaining biofuels as a pillar of U.S. energy policy now, and moving into the future. Radical changes to, or the elimination of the RFS all together, will endanger our country's energy security.
"The opponents of the RFS are exploiting the drought in the Midwest to roll back a policy they never supported in the first place. This disingenuous attack should be seen for what it really is - election year politics.
"We are already seeing the marketplace responding. As the price of corn has gone up, production of ethanol has gone down. At this time, further action by the government is unwise and unnecessary.
"The fact is that the RFS is fundamentally working. It is helping to expand markets for many types of biofuels while working to reduce the nation's reliance on overseas oil. On August 21st, former Members of Congress, Stephanie Herseth Sandlin (D) and Tom Ewing (R) penned a joint, bipartisan op-ed in Politico warning against the dangers of altering the RFS, pointing out the fact that thanks to the 'RFS and related policies, the advanced and cellulosic biofuels industry has gone from a science experience to a job-creating industry in the very communities now hit by the drought.' We couldn't agree more."
About the Advanced Biofuels Association: The Advanced Biofuels Association (ABFA) is a national organization representing the new generation of advanced and renewable technologies that will help drive America's new economy by creating jobs, reducing our dependence on foreign oil and fossil fuels while fueling a sustainable future for the world. The ABFA has quickly become a leading voice for America's domestic biofuels industry since it was established in 2009. For more information, please visit our website: http://www.advancedbiofuelsassociation.com
SOURCE Advanced Biofuels Association