McCarthy, biofuel industry leaders meet to discuss RFS
Source: Amanda Peterka, E&E reporter • Posted: Friday, April 5, 2013
The hourlong meeting largely focused on the recent run-up in ethanol credit prices and whether it could raise the price of gasoline, as well as whether EPA had the authority to address credit-related issues, said Michael McAdams, president of the Advanced Biofuels Association.
“The meeting was very cordial, it was very substantive, it was very high-level, and I thought it was very useful and constructive for all of us,” McAdams said.
“I walked away from this believing that EPA will continue to be monitoring the situation,” he added.
Attending the meeting with McAdams were representatives from the Renewable Fuels Association, Growth Energy, the Advanced Ethanol Council, the American Coalition for Ethanol, the Biotechnology Industry Organization and the Brazilian Sugarcane Industry Association.
McCarthy is also planning on meeting with oil industry representatives who blame the recent ethanol credit spike on the renewable fuel standard, the national policy under which EPA sets yearly targets for both conventional ethanol and advanced biofuels. Oil groups have called on Congress to repeal the standard this year, saying it’s become unworkable given the falling demand for gasoline.
McAdams said that McCarthy expressed support for the RFS and that “she’s taking all various points of view and she’s distilling them down in terms of whether she needs to take action.”