Sen. Chuck Grassley and his staff spoke to several sources on reports of an imminent presidential executive order that would make significant changes to the Renewable Fuel Standard, specifically to the point of obligation requirement for the renewable fuel. Grassley made the following comment on what he and his staff learned.
“Based on conversations my staff and I had, there’s no reason to believe that such an executive order is pending or imminent. In case a change like that would be under consideration, I expressed my concerns to a top official so my position is known. As I’ve said before, keeping the point of obligation where it is now, with refiners and importers, has worked and makes sense. Moving the point of obligation from a handful of refiners to hundreds or thousands of small fuel retailers would undermine the integrity and viability of this successful program.
“The President and the Administration so far have committed to upholding the Renewable Fuel Standard. I’ll continue to seek answers from the Administration whenever something appears in conflict with that commitment.”
