Here's Legislation I Will Support
Posted: Thu Jun 18, 2015 5:32 am
GOP bill would repeal federal ethanol mandate
A new Republican bill introduced Tuesday would completely repeal the federal mandate to blend ethanol into the nation’s gasoline supply.
Sen. Bill Cassidy’s (R-La.) legislation would completely do away with the renewable fuel standard, which first took effect in 2005 and now requires increasing levels of ethanol and biodiesel to be put into traditional fossil fuels.
The mandate invites frequent criticism from Republicans, the oil industry and sectors that complain the demand it creates for corn ethanol increases agricultural prices.
“Workers, refiners, producers, farmers and ranchers across the country are affected by the renewable fuel standard,” Cassidy said in a statement. “More mandates mean less jobs. It means families are paying more for gas and groceries.”
Cassidy represents Louisiana, one of the largest states in terms of fuel refining capacity. Refiners say that buying ethanol or fuel credits increases their prices, and they must pass those costs onto consumers.
http://thehill.com/policy/energy-environment/245151-bill-would-repeal-federal-ethanol-mandate
A new Republican bill introduced Tuesday would completely repeal the federal mandate to blend ethanol into the nation’s gasoline supply.
Sen. Bill Cassidy’s (R-La.) legislation would completely do away with the renewable fuel standard, which first took effect in 2005 and now requires increasing levels of ethanol and biodiesel to be put into traditional fossil fuels.
The mandate invites frequent criticism from Republicans, the oil industry and sectors that complain the demand it creates for corn ethanol increases agricultural prices.
“Workers, refiners, producers, farmers and ranchers across the country are affected by the renewable fuel standard,” Cassidy said in a statement. “More mandates mean less jobs. It means families are paying more for gas and groceries.”
Cassidy represents Louisiana, one of the largest states in terms of fuel refining capacity. Refiners say that buying ethanol or fuel credits increases their prices, and they must pass those costs onto consumers.
http://thehill.com/policy/energy-environment/245151-bill-would-repeal-federal-ethanol-mandate
