Written on: June 24, 2019 by ICM
The New England Fuel Institute (NEFI) held its annual board and member meeting on June 5.
Highlights of the meeting included annual reports by NEFI Board Chairman Peter Aziz, President & CEO Sean Cota and committee chairmen; Hedge Solutions’ Kirk Blanchard’s discussion of the IMO 2020 global marine fuel regulation and implications for the heating fuel industry; NEFI Regulatory Counsel Mark Morgan’s update on regulatory developments, including proposed hours-of-service reforms and lastly, NEFI VP & Director of Government Affairs Jim Collura’s presentation on emissions-reduction policies and electrification initiatives in the Northeast.
In response to these policies and initiatives, NEFI offered a new resolution on its efforts to protect the industry. The resolution, which was approved unanimously, calls for “research, development and deployment of advanced biofuels, cellulosic feedstocks, and space heating technologies necessary to achieve a 50% reduction in fossil fuel-based carbon emissions within the heating oil industry by 2030, and provide a net-zero carbon emissions profile by 2050.”
The resolution also states, “NEFI will henceforth refer to the heating oil industry as the ‘renewable liquid heating fuels industry’ to better reflect its commitment to a low carbon and energy independent American economy, and in acknowledgement of the unparalleled achievements of its members in this regard.”
To see the NEFI Resolution, “Renewing Our Commitment to Renewable Liquid Heating Fuels,” click here.
NEFI’s annual HEAT Show will be held September 15-18 at Rhode Island Convention Center in Providence, RI.