WASHINGTON, D.C. – Today, Congresswoman Cheri Bustos (IL-17), a member of the House Agriculture Committee, met with the Environmental Protection Agency (EPA) Administrator Gina McCarthy to share her constituent’s concerns over the EPA’s recent proposal to reduce the renewable volume obligations (RVOs) under the Renewable Fuel Standard (RFS). Bustos told the EPA Administrator that lowering the amount of renewable fuels in gasoline could hurt rural communities across Illinois, jeopardize local jobs, raise prices at the pump and deter investment in biofuels and biofuel infrastructure.
Every November, the EPA is required to provide the RVOs that refineries use to blend biofuels into the market. While the EPA has the authority to reduce the RVOs, it never has before.
Bustos has been a strong supporter of Illinois biofuels and recognizes the important role the industry plays in rural economies. In October, Bustos joined with other members of Congress in writing a letter to the U.S. Commodity Futures Trading Commission (CFTC) asking it to look into potential market manipulation of the RINs (Renewable Identification Numbers) market due to the volatility of RIN prices since the beginning of the year. Volatile RIN prices have been a key component of the oil industry’s arguments against the RFS.
The attached photo is of Bustos meeting with McCarthy and Rep. Collin Peterson (MN-7), the Ranking Member of the House Agriculture Committee.