Washington, DC – Former Senator Jim Talent today launched a new group aimed at building and expanding support for the Renewable Fuel Standard (RFS). Americans for Energy Security and Innovation (AESI) will focus its efforts on building support for a stronger RFS to reduce our dependence on foreign oil from unfriendly nations and stimulate domestic innovation and economic development in the biofuels sector.
“I was one of the prime movers behind passage of this critical legislation ten years ago, when President George W. Bush signed the Renewable Fuel Standard into law,” said former Senator Jim Talent. “I believe that biofuels are the most feasible replacement for oil as automobile fuel, and that we need a strong RFS so that private investors can develop the biofuels industry with adequate assurance that their potential market won’t be destroyed by manipulations from the foreign oil cartel.”
The RFS has been successful policy over the past decade – with 10 percent of the nation’s fuel supply now coming from cost-competitive biofuels. The industry has also created more than 850,000 well-paying jobs in rural America and across the country. However, the Obama Administration’s Environmental Protection Agency (EPA) took a step backwards this May when they proposed the annual blending targets to lower levels than were intended when the RFS was enacted into law. These proposed standards jeopardize the already frozen $13.7 billion in existing investments in advanced biofuels, while threatening to ship future investments – and jobs – overseas.
“The Obama Administration’s justification for these lowered levels use a criteria that is not included in the EPA’s clearly defined statutory waiver authority. The RFS has been the only consistent and effective energy policy that Washington has produced. Yet, the Obama Administration plans to ax the only policy we have on the books that actually works to wean us off our dependence on fuels controlled by foreign oil cartels, while creating jobs at home.”
AESI will work to create an environment to prevent regulations and restrictions to the renewable fuel industry by increasing support and mobilizing elected officials to support our efforts.
Americans for Energy Security and Innovation supports homegrown, renewable energy and a stronger Renewable Fuel Standard (RFS) to reduce our dependence on foreign oil and stimulate domestic innovation and economic development. For more information, please visit us at www.usaenergy.org, follow us on Twitter @USAEnergy or connect with us on Facebook.