Congressman Loebsack issued the following statement on the U.S. Environmental Protection Agency (EPA) issuing the final rule for implementation of the expanded Renewable Fuel Standard (RFS2). The RFS2 sets a long-term renewable fuel standard of 36 billion gallons by 2022 and includes standards for ethanol, advanced biofuels, and for the first time biodiesel, which Congressman Loebsack worked to include. The RFS2 also required analysis of renewable fuels to determine if they achieve significant greenhouse gas emission reductions in comparison to the fossil fuels they replace.
"During these tough economic times, it is critical that we do all that we can to make sure that the industries of tomorrow are able to grow right here in Iowa.
"Iowa has always been a national leader when it comes to renewable energy, and this ruling recognizes the contributions of Iowa's ethanol, biodiesel, and advanced biofuels industries. The RFS2 rule is a workable program that will help advance economic opportunities in our state.
"While there are still some issues to be addressed, the RFS2 ruling is yet another step towards building good-paying jobs here in Iowa that cannot be shipped overseas and energy production that reduces our dependence on foreign oil."