Energy Companies, Fuel Retailers, and Fuel Marketers Join Forces to Preserve RFS Compliance
Washington, D.C.– A coalition of energy industry associations, businesses, and concerned citizens launched the Main Street Energy Alliance (MSEA) today to stand up for energy businesses and consumers across America. The coalition is urging the Environmental Protection Agency (EPA) to resist the efforts of a small group of special interests who are trying to alter the point of obligation requirement under the Renewable Fuel Standard (RFS) in order to serve their own narrow business interests.
The Main Street Energy Alliance is a diverse coalition of national and local businesses and organizations, representing energy businesses and their consumers across the entire fuel value chain. Its members include the National Association of Convenience Stores, NATSO (representing truck stops and travel plazas), the Society of Independent Gasoline Marketers of America as well as Shell and BP.
“A small group of refiners and their investors are trying to push through changes to the RFS to line their pockets at the expense of consumers and small businesses,” said Michael Steel, a spokesman for the group. “Shifting the point of obligation would add complexity for businesses, decrease the use of biofuels, and potentially increase costs for consumers. Many energy businesses and consumers on Main Streets across this country could be negatively impacted by this effort to reward just a small few.”
The RFS system currently places compliance requirements on the parties that control the composition of fuels – refiners and their investors – which creates a strong incentive for downstream fuel blenders, retailers, and marketers to blend renewable fuels into the supply chain while lowering prices at the pump. Along with small businesses and consumers, changing the point of obligation would have a negative impact on:
- Farmers – Demand for agricultural products would plummet
- Responsible Companies – Those that played by the rules would be punished
- Government Oversight – Would add more EPA regulation, complexity, and fraud