BPC releases first three commissioned papers on RFS
The Bipartisan Policy Center released the first three of five papers it commissioned on the federal Renewable Fuels Standard. The papers are part of its effort to foster discussions on ways to reform the RFS, which was established by the 2005 Energy Policy Act established and expanded by the 2007 Energy Independence and Security Act, BPC said.
The Bipartisan Policy Center released the first three of five papers it commissioned on the federal Renewable Fuels Standard. The papers are part of its effort to foster discussions on ways to reform the RFS, which was established by the 2005 Energy Policy Act established and expanded by the 2007 Energy Independence and Security Act, BPC said.
Oil industry groups have said RFS quotas assumed that US crude oil production would continue to decline and demand continue to rise when, in fact, the opposite has happened, creating significant compliance problems for refiners and other obligated parties.
Two remaining papers, which will present separate law firms’ perspectives on the US Environmental Protection Agency’s authority to amend the RFS, will be released at the end of February, BPC said.
NICK SNOW covered oil and gas in Washington for more than 30 years. He worked in several capacities for The Oil Daily and was founding editor of Petroleum Finance Week before joining OGJ as its Washington correspondent in September 2005 and becoming its full-time Washington editor in October 2007. He retired from OGJ in January 2020.
