Senator Toomey’s amendment is identical to bipartisan legislation he introduced earlier this year to repeal the Renewable Fuel Standard (RFS). The fuel standard was established in 2005 and requires refiners to blend increasing volumes of biofuels, most often corn ethanol, into the nation’s gasoline supplies.
The requirement drives up the price of corn, products made from corn, livestock that feeds on corn, and many products on grocers’ shelves and refrigerators.
“The RFS requires fuel suppliers to blend millions of gallons of biofuels — most often corn ethanol — into the nation’s gasoline supplies. It drives up gas prices, increases food costs, damages car engines, and is harmful to the environment,” said Senator Toomey.
“Under government mandates, refiners — such as ours in Trainer, Pa. — are forced to make a choice: increase the ethanol content in their fuel blends or pay a penalty by purchasing credits from energy traders.
“Once again, this is the government using corporate welfare to shower money on a favored industry and then send the bill to the general public. Labor leaders, businesses, and environmental groups have lined up to push back against this harmful regulatory regime.
“We must stop the RFS before more harm is done.”
~ News Release via Pat Toomey, U.S. Senator for Pennsylvania ~
- Ethanol Mandates Must End (billlawrencedittos.com)
- Toomey pans higher EPA biofuel requirement (pennlive.com)
- Bid to Repeal Ethanol Mandate Seen Diluted by EPA Change – Bloomberg (bloomberg.com)