Source: Iowa Corn news release
We are outraged the Environmental Protection Agency (EPA) did not implement the details that were presented and outlined by the President only eleven days ago. Any proposal that does not account for actual waived gallons under the Renewable Fuel Standard (RFS) fails to restore the integrity of the law.
Last week President Trump promised to uphold the Congressional intent of the RFS by addressing the demand destruction brought on by expanded use of small refinery exemptions and prospectively account for those exemptions using a three-year rolling average of actual waived gallons, beginning with the 2020 biofuel standard.
Today’s announcement falls well short of that mark, only accounting for the Department of Energy recommendations that the EPA itself ignored.
The Iowa Corn Growers Association (ICGA) will continue to fight back on demand destruction with our biofuels champions and President Trump to ensure the final 2020 Renewable Volume Obligations (RVO) reflect the commitments made by the President to restore the integrity of the RFS to the benefit of farmers and consumers everywhere.