The Biotechnology Industry Organization (BIO) today issued comments on the proposed consent decree to resolve oil industry lawsuits against the Environmental Protection Agency over delays in promulgating final rules for annual biofuel volume obligations.
“BIO is supportive of EPA’s commitments contained in the proposed consent decree, which would establish definitive deadlines this year for EPA to take final action on the 2014 RFS rule and proposed and final action on the 2015 RFS rule,” Brent Erickson, executive vice president of BIO’s Industrial & Environmental Section, wrote in the official comments. “EPA should withdraw its proposed 2014 RFS rule and reissue it by June 1, 2015, to include advanced and total renewable biofuel volumes that are consistent with the RFS statute.”
BIO recently released an analysis showing that instability in EPA’s administration of the RFS is responsible for chilling as much as $13.7 billion in investments that the advanced biofuel industry needed to build capacity to meet the RFS goals. The delays in rulemaking have also undercut the industry’s ability to create new employment opportunities, resulting in the loss of more than 80,000 direct jobs.