According to BIO, EPA delays in administering Renewable Fuel Standard (RFS) generate uncertainty for advanced biofuel industry and undercut investment. BIO President and CEO Jim Greenwood cited EPA's failure to issue final 2014 RFS rule and other administrative delays as misconstrued as indicative of broken program but reassured that that same program has worked to spur innovation and growth in biofuels space and subsequently reduce U.S. GHG emissions and reliance on foreign oil.