Fifteen Senators and 24 House members have signed letters to EPA Administrator Andrew Wheeler urging him to heed and quickly respond to the petitions of six state governors seeking relief from 2020 Renewable Fuel Standard (RFS) regulatory compliance burdens.
Congress, regulators, and industry should collaborate to enhance energy product reliability programs and regulations at existing agencies, rather than complicating matters through the creation of a new, duplicative reliability regulator.
AFPM opposes the Inflation Reduction Act as written. We evaluated the bill against our core principles, specifically whether the legislation would support strong U.S. refining and petrochemical industries and whether it pursued emissions reductions in a market-based and cost-effective manner. Unfortunately, the IRA falls short of these goals.
Restricting exports would be a major unforced error for the President, tightening global fuel supplies, throttling U.S. fuel production and increasing costs for American consumers. Likewise, imposing product inventory requirements boils down to siphoning gasoline and diesel into storage, and away from consumers.