Grassley reveals internal staff report analyzing bad news for RFS

February 6, 2018 |

In Washington, Sen. Chuck Grassley of Iowa released an internal memorandum produced by his energy policy staff who analyzed recent claims made by opponents of the Renewable Fuel Standard (RFS), including Philadelphia Energy Solutions (PES), which attributed its recent bankruptcy filing in part to the RFS. The analysis finds that the biofuels blending requirement and the cost of Renewable Identification Number credits (RINs), a compliance mechanism designed for flexibility, have little to do with the success of refineries and were not significant factors in the PES bankruptcy. The Grassley analysis reached similar conclusions as those of multiple recent studies, including multiple by the University of Pennsylvania’s Kleinman Center for Energy Policy.

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Category: Policy

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