Florida Legislation considering repealing the RFS

In Florida, the Florida Legislature is considering HB4001, which, if adopted would repeal the Renewable Fuels Standard set in 2008. With a federal mandate for 10 percent ethanol in gasoline, this legislation will have no material impact on the makeup of gasoline in Florida.  Just as our economy is starting to recover and just as Floridian’s are poised to have some home-grown energy products, and just as the Federal government prepares to move from 10 percent ethanol to 15 the Florida legislature considers action that will kill jobs, investment and local energy,” says Brad Krohn, Manager, Highlands U.S. Envirofuels, and Board member FBBA.  The press release further states that ” It will, however, send a message to those who have invested more than $1 Billion in six ethanol projects currently underway. Among those investors: Florida citizens in the form of grants from tax money.”