The American Petroleum Institute is launching an advertising campaign that will focus on repealing the Renewable Fuel Standard. In response to the news - Growth Energy CEO Tom Buis said the lengths to which Big Oil will go to protect their lock on the fuels market are astounding. He said they often pay lip service to the importance of renewable fuel for our country’s energy needs - but work to undermine them at every turn. Buis stressed that biofuels have helped reduce our dependence on foreign oil and created a robust domestic renewable fuels industry.
According to Buis - API recently discussed how the RFS was broken. They cited the blend wall as the primary challenge in a workable RFS. But Buis said Big Oil is protecting the blend wall - maintaining it - by erecting every possible barrier to bringing increased blends of renewable fuel to the marketplace. While they call for a free market - Buis said they are singlehandedly denying consumers a choice and savings at the pump by preventing a lower cost, high performance alternative like E15.
But Buis said the American people won’t tolerate the continued misinformation and smear tactics on biofuels and the selfish policies of an industry that has been receiving government subsidies for nearly a century while making record profits. He said Big Oil is entitled to an opinion - but is not entitled to distort the facts. The renewable fuel industry - he said - will prevail on the facts. The facts that biofuels are creating jobs here at home that can’t be outsourced, revitalizing rural economies across the country and improving our environment - all while reducing our dependence on foreign oil.