Brian Jennings, the Executive Vice President of the American Coalition for Ethanol (ACE) issued the following statement in advance of today’s Senate Environment and Public Works Committee oversight hearing on the Renewable Fuel Standard (RFS).

“While we appreciate that the Administration improved the final Renewable Fuel Standard blending targets for 2016 compared to the proposed rule, regrettably, the methodology used to waive volumes for 2016 protects the old way of doing business by obstructing consumer access to cleaner fuels, stifling competition in the marketplace, and undermining innovation.  ACE members have made significant biofuel production advancements because of the RFS and we know that further innovation is within reach if federal policy continues to reward a competitive marketplace. ACE is strongly committed to ensuring consumers have access to high octane, low carbon, affordable blends of ethanol and we will explore all options at our disposal to achieve that goal with this Administration and the next.”