This will in effect transform the very nature of heating oil, making it a renewable fuel.

“Months of research conducted by Kearney demonstrates that heating oil-biofuel blending provides the most cost-effective and immediate path for NEFI members and their customers to reduce fossil energy use and carbon emissions,” said Neal Walters, a partner at Kearney. “Our findings show that this strategy is both affordable and easier to implement than electrification for home heating in the Northeast.”

“Last year, industry leaders announced a goal that many thought unachievable,” said Sean Cota, president and CEO, NEFI. “Today, we are excited to announce that not only is our goal achievable, but it is also well within reach. Renewable liquid heating fuel can reduce fossil energy use and carbon emissions faster and more cost-effectively than electric heat pumps or natural gas.

“Who would have thought your town’s little family heating oil business would play such a big role in helping to solve the planet’s climate crisis,” Cota said.

In the weeks and months ahead, NEFI will continue engaging business leaders, policymakers and climate activists regarding the industry’s revolutionary plan to eliminate fossil fuel and carbon emissions from the home energy sector. For more information, visit www.nefi.com.