Abolishing the Renewable Fuel Standard (RFS)
Rep. Scott Perry (R-PA) proposed legislation to abolish the renewable fuel standard (RFS) due to harmful environmental impacts and increased gas prices. The RFS was intended to reduce greenhouse gas emissions and reliance on imported oil, but critics argue it has failed to achieve these goals.
Key Points
- RFS intended to reduce greenhouse gas emissions and reliance on imported oil
- Use of corn-based ethanol in gasoline may have negative consequences
- Critics argue RFS has not achieved its intended goals
Pros
- Potential reduction in gas prices
- Preservation of jobs
Cons
- Possible negative environmental impact of increased corn production
- RFS failed to reduce dependence on foreign oil