Upholding the 10th Circuit Court Ruling Brings Stability to the Renewable Fuels Industry
DES MOINES, Iowa (March 25, 2020) – Iowa Secretary of Agriculture Mike Naig issued the following statement in response to the Trump administration’s decision to allow the 10th Circuit Court of Appeal’s ruling, which limited the use of small refinery waivers, to stand.
“We appreciate President Trump’s administration for upholding the unanimous 10th Circuit Court's decision,” said Secretary Naig. “Unfortunately, our biofuels producers are still struggling through the economic downturn, trade uncertainty and plummeting fuel demand. Many plants are reported to be ceasing production or closing. But, today, this is welcome news in a very uncertain time. President Trump’s actions signal that he has no intention of leaving rural America behind.”
The renewable fuels industry accounts for more than $5.3 billion — or about 3 percent — of Iowa’s GDP, $2.5 billion in household incomes and more than 48,000 jobs.