ALEXANDRIA, Va., Nov. 10, 2016 /PRNewswire-USNewswire/ -- The Environmental Protection Agency (EPA) today announced that it will not alter the "point of obligation" under the Renewable Fuel Standard (RFS) program. The announcement was accompanied by a comprehensive analysis detailing the effectiveness of the current point of obligation, as well as a thorough rebuttal of arguments in support of changing the point of obligation. NATSO President and CEO Lisa Mullings issued the following statement on EPA's report:
"For more than a year, NATSO has worked with the Environmental Protection Agency (EPA) and the entire fuels marketing community in support of maintaining the current point of obligation under the Renewable Fuel Standard (RFS) as it represents the most effective means of achieving the RFS's obligation.
In evaluating the efficacy of the RFS compliance structure, EPA has determined that the current point of obligation is successfully achieving the agency's objectives of displacing petroleum-based fuel with renewable substitutes in a manner that stabilizes price, deepens supply options, all while incentivizing fuel marketers to blend and sell renewable fuels.
We are grateful that EPA wholeheartedly agrees with us. Not only did EPA reach the same conclusion on the question of who should be the "obligated party," but the agency's analysis supporting this conclusion is comprehensive and sound.
We commend EPA for initiating a public, transparent process that allows the regulated community and the public at large to understand and comment on the agency's reasoning and rationale.
NATSO will continue to ensure that policymakers at all levels understand the market conditions in which travel plazas and truckstops operate and how changes to those market conditions impact the nation's fuel supply and the American consumer."
NATSO is the professional association of America's travel plaza and truckstop industry. Founded in 1960, NATSO represents the industry on legislative and regulatory matters; serves as the official source of information on the diverse travel plaza and truckstop industry; provides education to its members; conducts an annual convention and trade show; and supports efforts to generally improve the business climate in which its members operate.
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SOURCE NATSO, Inc.