On Tuesday, the National Association of Convenience Stores (NACS) and the Society of Independent Gasoline Marketers of America (SIGMA) noted that current fueling locations -- such as the more than 153,000 U.S. convenience stores -- represent the "most logical option" for locating alternative fuel infrastructure.
(Source: Senate Committee on Environment and Public Works, RigZone, 30 July, 2019) Contact: Senate Committee on Environment and Public Works, www.epw.senate.gov
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The letter said the "biodiesel blenders' tax credit has worked successfully to build a robust biodiesel and renewable diesel industry that produced twice the volumes mandated under the Renewable Fuel Standard (RFS). Supporters of the blenders' tax credit are concerned that changing the tax credit to a producer only benefit will limit supply and lead to increase the cost of diesel fuel and heating oil."
The biodiesel blenders' tax credit expired at the end of 2016. Previously, Congress has extended the credit year-by-year as part of a "tax extenders" package, and in some years applied it retroactively, as was the case for 2016. While unlikely that this or any other tax extenders will be included in the House tax package to be released this week, the Senate may consider including the biodiesel tax credit in its tax package. However, some senators representing U.S. biodiesel producers are working to change the tax credit from a blenders' credit to a producers' credit. (Source: NACS, 2 Nov., 2017)Contact: NATSO, Lisa Mullings, Pres., CEO, David Fialkov, VP Gov. Affairs, (703) 549-2100, ; NACS, www.nacsonline.com; Advanced Biofuels Association, Michael McAdams, Pres., www.advancedbiofuelsassociation.com
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The video is intended to dispel the widespread confusion created within the marketplace by a handful of merchant refiners and investors who have petitioned the EPA to shift the compliance requirements. Doing so would undercut RFS efforts to sustain the use of renewable fuels in gasoline and diesel fuel, according to the video.
NACS, NATSO, SIGMA and a coalition of more than 35 organizations and companies representing the entire fuel supply chain, from refiners to retailers to renewable fuels groups, oppose shifting the compliance responsibility on the grounds that it would create disruption in the marketplace and ultimately raise prices at the pump.
(Source: NACS, 23 May, 2017) Contact: NATSO, Lisa Mullings, Pres., CEO, David Fialkov, VP Gov. Affairs, (703) 549-2100, www.natso.com; NACS, www.nacsonline.com; SIGMA, www.sigma.org;
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