Oregon LCFS Will Weaken the State's Economy

WASHINGTON, May 10, 2012 /PRNewswire-USNewswire/ -- American Fuel & Petrochemical Manufacturers President Charles T. Drevna issued the following statement in response to the state of Oregon's decision today to move forward with development of a low carbon fuel standard:

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"Oregon's decision to move forward with a low carbon fuel standard is unfortunate for the residents and business owners in that state. This program would have no impact on global climate change and could actually increase greenhouse gas emissions. In addition, the program could jeopardize the state's fuel supply and disadvantage consumers by mandating the use of more expensive fuels.

"Oregon receives all of its petroleum-based transportation fuels from outside the state. The LCFS will cause out-of-state providers to incur added costs, which could disadvantage Oregon's consumers. 

"Instituting an LCFS that was closely modeled after a program in California that has been deemed unconstitutional by a federal district court and is considered to be infeasible is not in the best interest of the people of Oregon. One study has shown that compliance with the California LCFS program could cost upwards of $40 billion, in California alone. Oregon, like much of the nation, is currently recovering from the recession. This decision is bound to weaken the state's economy and hinder its recovery."

About AFPM
AFPM, the American Fuel & Petrochemical Manufacturers (formerly known as NPRA, the National Petrochemical & Refiners Association) is a trade association representing high-tech American manufacturers of virtually the entire U.S. supply of gasoline, diesel, jet fuel, other fuels and home heating oil, as well as the petrochemicals used as building blocks for thousands of vital products in daily life. AFPM members make modern life possible and keep America moving and growing as they meet the needs of our nation and local communities, strengthen economic and national security, and support 2 million American jobs.

SOURCE American Fuel & Petrochemical Manufacturers