Statement by American Fuel & Petrochemical Manufacturers (AFPM) President Charles T. Drevna on the Environmental Protection Agency’s (EPA) decision today to increase bio-based diesel volumes to 1.28 billion gallons in 2012:
“EPA’s decision to increase the biomass diesel volumes is wholly discretionary and irresponsible. It only serves to increase our nation’s fuel bill. Given the exorbitant cost of biodiesel, its poor performance qualities, significant fraud in the biodiesel industry, and the drought facing our nation’s farmers and ranchers, this is a bad decision at the wrong time.
“AFPM submitted comments and met with the U.S. Office of Management and Budget to outline the problems associated with increasing the amount of biodiesel beyond the statutory minimum of one billion gallons. Today’s decision will force consumers to pay almost $500 million more next year for diesel fuel and is yet another example of the Obama administration putting politics ahead of American consumers.”