Representatives from oil refining and biofuel industries met with President Donald Trump today at the White House to continue conversations regarding the Renewable Fuel Standard (RFS). American Coalition for Ethanol (ACE) Board member Rick Schwarck, President and CEO of Absolute Energy, and Iowa retailer Charlie Good, featured in ACE’s Flex Fuel Forward campaign were among those who took part in the White House meeting about the RFS today. ACE CEO Brian Jennings issued the following statement after the meeting:
“We are grateful Rick and Charlie were invited by Senators Grassley and Ernst to help explain the importance of the RFS to rural America and U.S. motorists in today’s White House meeting. They explained how RVP relief for E15 would immediately reduce RIN prices but also conveyed that capping RINs would destroy demand for renewable fuels and raise pump prices for consumers. We thank Rick and Charlie for their grassroots leadership and Senators Grassley and Ernst for their strong support.”
Earlier this week, ACE endorsed a letter sent to President Trump from six farm groups, including the National Corn Growers Association, American Soybean Association, American Farm Bureau Federation, National Farmers Union, National Association of Wheat Growers, and National Sorghum Producers, calling on the President to maintain the integrity of the RFS. A copy of the letter is available here.