POET'S VOICE IN WASHINGTON
POET's involvement in federal and state policy issues.
REMOVING BARRIERS TO CONSUMER FUEL CHOICES WITH A REID VAPOR PRESSURE (RVP) FIX
Fuel retailers want to offer their customers E15 — a federally approved fuel with 15 percent ethanol and 85 percent gasoline. It is approved for almost 90 percent of American vehicles, can save motorists money and increase a vehicle’s performance. However, an unnecessary regulation limits how most retailers can sell E15 during the summer fueling season (June 1 - September 15).
SUPPORTING BIOFUELS GROWTH UNDER A STRONG RENEWABLE FUEL STANDARD
The Renewable Fuel Standard (RFS) is America’s most successful domestic energy policy working to lower our dependence on foreign oil, keep our air clean, and provide consumers with more affordable fuel options that are also good for engine performance.
Since its authorization under the Energy Policy Act of 2005 and expansion under the Energy Independence and Security Act of 2007, the RFS has given homegrown biofuels a chance to compete at the pump, allowing consumers to select from a range of options at the gas station, including blends containing clean, homegrown ethanol.
OPENING NEW MARKETS FOR U.S. EXPORTS & TRADE
Biofuels don’t just help farmers and ethanol producers stay competitive, they keep America competitive. In fact, America is now the world’s top exporter of ethanol, supplying more than one billion gallons (68,000 barrels per day) of fuel ethanol to our trading partners in 2016, an increase of 26 percent from the previous year. In nations like China, India, Brazil, Mexico, and South Korea, foreign leaders are seeking solutions to cut air pollution and displace chemicals in gasoline that form potent carcinogens when burned. Ethanol is the only alternative that can seamlessly and cost-effectively replace fossil fuels in today’s vehicles, and POET stands ready to help meet that demand.
That is why we support efforts to educate foreign policymakers about the demonstrated benefits of ethanol and its value to drivers all over the globe. We also support ongoing efforts to expand U.S. access to foreign markets and eliminate duties, tariffs and other protectionist trade barriers that prevent U.S. exports from reaching consumers overseas.
When Congress passed the Energy Independence and Security Act of 2007, which created the current Renewable Fuel Standard, part of that legislation explicitly set a table of yearly volume requirements out to 2022. This begs the question – what will happen to the RFS post-2022? Will it expire? Will any biofuels be blended into the fuel supply? Will Congress pass a new law? Will biofuel and corn producers be protected?
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