WASHINGTON – U.S. Senator Joni Ernst (R-IA) issued a statement following today’s meeting at the White House on the future of the Renewable Fuel Standard (RFS):
“Today, the President outlined his intention to direct the sale of E15 year-round, a move that will help put Iowa’s corn farmers, ethanol producers, and our rural communities on a promising path forward.
“While I am still assessing the full implications of the President’s notion to attach Renewable Identification Numbers (RINs) to exported ethanol, an idea Administrator Pruitt committed to not pursue in a letter last October, I am pleased that the President did not move forward with a RIN cap that would have destroyed demand, hurting both farmers and biofuel producers. Allowing E15 year-round will drive up domestic ethanol production and consumption to help maintain already low RIN prices. Additionally, I am encouraged the administration will be taking a closer look at the “hardship” waivers that have been abused by EPA to undermine the RFS.
“I will continue working with this administration to ensure the commitments made today protect Iowa’s 88,000 farms and the 50,000 jobs tied to the renewable fuels industry.”