Administration Undermines Farmers and Rural Economies With Unjustifiable Renewable Fuel Standard Waivers
Washington, D.C. (August 10, 2019) –The Biotechnology Innovation Organization (BIO) released the following statement on the administration’s decision to issue 31 small refinery exemptions under the Renewable Fuel Standard.
“The administration is inflicting significant economic pain on American farmers and biofuel producers by granting these 31 Renewable Fuel Standard exemptions to the oil industry,” said Stephanie Batchelor, vice president of BIO’s industrial and environmental section.
“These exemptions stifle biofuel innovation, jeopardize energy security, and drive down the demand for sustainable solutions that reduce greenhouse gas emissions. If the administration is serious about strengthening rural economies, protecting farmers and reducing environmental impact, it will cease these unjustifiable waivers and approve pending pathways and production facilities for American-made biofuels.”