02/17/2017 | News release | Distributed by Public on 02/17/2017 12:32
Sioux Falls, SD (February 17, 2017) - Brian Jennings, the Executive Vice President of the American Coalition for Ethanol (ACE), issued the following statement after the U.S. Senate voted to confirm Scott Pruitt as Administrator of the U.S. Environmental Protection Agency.
'We congratulate Mr. Pruitt on his confirmation and are eager to work with him to help EPA keep the promises that President Trump made about ethanol during the campaign. EPA and oil company restrictions on the use of higher ethanol blends the last few years have created surplus stocks of corn and put pressure on prices and rural economies. According to USDA, net farm income has dropped from $123.7 billion in 2013 to $66.9 billion in 2016 - a decrease of 46 percent. From 2015 to 2016 alone, net farm income dropped 17.2 percent. It is imperative that Administrator Pruitt work to help ensure the successful implementation of the Renewable Fuel Standard to drive the use of higher ethanol blends, to maintain the RFS point-of-obligation with refiners and importers, and to lift unnecessary restrictions on ethanol use such as the Reid vapor pressure limit. Taking these steps will prevent further harm to rural economies in key states that supported President Trump because of his promises to create jobs and strengthen the U.S. economy.'