BIO report says RFS has displaced 1.9 billion barrels of foreign oil in its 10 years

In Washington, over its 10-year lifespan, the Renewable Fuel Standard s (RFS) requirement to substitute biofuels for fossil fuels has displaced nearly 1.9 billion barrels of foreign oil and reduced U.S. transportation-related carbon emissions by 589.33 million metric tons, the Biotechnology Industry Organization (BIO) finds in an analysis released Monday.

The major findings of the study include:

Over its 10-year lifespan, the Renewable Fuel Standard has reduced U.S. transportation-related carbon emissions by 589.33 million metric tons.

The total reduction is equivalent to removing more than 124 million cars from the road over the decade.

The RFS has displaced nearly 1.9 billion barrels of foreign oil over the past decade by replacing fossil fuels with homegrown biofuels.

EPA s recent proposed rules for the RFS would cut short achievable future carbon emission reductions. In 2015 alone, the proposal would add 19.6 million tons of CO2e for the year, equal to putting 7.3 million cars back on the road, compared with achievable levels of biofuel use.