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August 1, 2014

Energy And Commerce Chair Working On RFS Reform


Reportedly, U.S. House Energy and Commerce Committee Chair Fred Upton (R-MI) plans to introduce a bill to modify the federal Renewable Fuel Standard (RFS). The bill is expected to be introduced soon after EPA releases its final rule setting the final 2014 RFS volume requirements for obligated parties under the law. Just this week the Administration has made public statements to suggest that the final 2014 rule will increase volume requirements from the proposed version published last fall. Generally, the oil and gas industry supports reducing annual RFS volume requirements, while biofuels supporters want to see the volume requirements in the statute remain as is.