April 30, 2018, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement urging the EPA to fix the Renewable Fuel Standard (RFS) or end it in light of a recent waiver issued to CVR Energy, Inc. by the agency:
“Granting CVR Energy, Inc. a waiver from the Renewable Fuel Standard is a good first step in implementing overall RFS reforms. As company owner Carl Icahn noted in a 2016 oped with the Wall Street Journal, his company ‘is losing hundreds of millions of dollars because of the Renewable Fuel Standard.’ While individual waivers are good to meet this and other companies’ needs, they point to an overall need for RFS reform. Just this year, Philadelphia Energy Solutions reached a bankruptcy settlement with the EPA because the RFS caused so many losses at the company. The EPA needs to fix the system so that waivers are no longer needed to simply survive. The RFS is an unacceptable example of the government picking winners and losers and it needs to be fixed now or ended once and for all.”
Interview Availability: Please contact Americans for Limited Government at 703-383-0880 ext. 106 or at media@limitgov.org to arrange an interview with ALG experts.
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