A Sustainable and Secure
Energy Future
American innovation can reduce emissions and protect Energy Security
Because of American innovation, the U.S. has achieved energy security, all while continuing to reduce emissions. But proposals and policies by the EPA and states like California to enact a de facto ban on new internal combustion engines would threaten our energy security and stifle emissions-reducing innovation.
The Threat
The EPA is proposing a rule that would require 70% of new vehicles to be EVs by 2032. Worse yet, California is moving forward with a ban on new sales of internal combustion vehicles in the next decade. If implemented, these policies will force the U.S. passenger fleet to rely almost entirely on one vehicle technology – electric vehicles – ignoring the emissions reduction potential from liquid fuels and compromising our U.S. energy security.
Lower carbon intensity fuels are here and growing
American refiners and petrochemical manufacturers are investing billions of dollars in new products and processes that reduce their carbon footprint. This includes the development and production of lower carbon intensity fuels like biodiesel, renewable diesel and sustainable aviation fuels that can reduce GHG emissions by upwards of 80% on a lifecycle basis. In just the past two years, domestic production capacity of one of those fuels, renewable diesel, has increased by over 200% and continues to grow. If all planned projects come to fruition, the U.S. will have more than 5 billion gallons of renewable diesel and sustainable aviation fuel production, requiring nearly $11 billion in investments.
Both EPA and California’s proposals threaten the viability and continued growth of these technologies that are already helping to drive emissions reductions in the transportation fleet.
Domestic energy drives national security
The United States’ refining industry is the envy of the world. We produce more fuels and other refined products than any other country, and 84% of the crude that we use to make these fuels comes from right here in North America.
In contrast, China is the undisputed leader in the EV market, owning 80% of global battery manufacturing capacity, the majority of the requisite minerals supply chain and dominating the EV sales market. Forcing U.S. consumers to buy electric vehicles would trade hard-won energy security for dependence on countries that don’t have our best interest at heart.
Securing a
sustainable future
The world is growing and will need more energy, not less. We need all options on the table, including liquid fuels, to meet this demand, to maintain our energy security, and to continue to make meaningful emissions reductions from the transportation sector.