NATSO to Testify on the 21st Century Transportation Fuels Act

NATSO Vice President of Government Affairs David Fialkov is scheduled to testify Dec. 11 before a Subcommittee of the U.S. House Committee on Energy and Commerce on the discussion draft of the 21st Century Transportation Fuels Act.

The legislation would, among other things, end the Renewable Fuel Standard's (RFS) ethanol blending mandate beginning in 2023, and eliminate the advanced biofuel (e.g., biodiesel) blending mandate 10 years later. It would also begin a transition to higher octane gasoline. Fialkov's testimony will focus primarily on diesel and biodiesel markets.

During the hearing, Fialkov will testify that the RFS successfully created market incentives that have led many of NATSO’s members to incorporate biodiesel into their diesel fuel supply.  They do this as a means of lowering prices for consumers and competing for market share.

At the same time, the RFS has been undermined in a number of ways, including through the Environmental Protection Agency's (EPA) practice of  issuing small refinery waivers that exempt small refineries from their obligations under the RFS -- even small refineries that are owned by profitable refining entities such as Andeavor.

Fialkov will testify that the 21st Century Transportation Fuels Act would resolve many of these issues, though in other areas it could be improved to provide further market certainty and protection against counterproductive executive branch implementation decisions.

NATSO will provide a more detailed write up for members following the hearing.

NATSO members will be able to view the hearing on Dec. 11 at 10 a.m. Eastern here.



via Business Feeds

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