Agricultural News
Renewable Fuels Association Downplays Importance of Thursday Ethanol Votes in the US Senate
Thu, 16 Jun 2011 09:37:54 CDT
The Senate is expected to hold two more ethanol votes this afternoon. One is yet again on the amendment to end the ethanol tax incentive, known as VEETC, immediately- sponsored by Oklahoma Senator Tom Coburn. The other would prohibit federal investment in new fueling technology.
Prior to these votes, likely to happen around 1:00 p.m. Central, the Renewable Fuels Association released the following statement:
"Today's vote has all the meaning of a preseason football game.
As the underlying bill is unlikely to ever become law, this effort is largely about re-election and intra-Senate politics than true energy policy. When lawmakers are ready for the kind of comprehensive and dispassionate discourse on energy the American people deserve, the ethanol industry will be ready.
"Ethanol producers are the only industry that has worked proactively and in good faith to offer transformative ideas to address fiscal concerns while still providing opportunities for ethanol production to evolve and ethanol use expand. The ethanol industry fully supports the bipartisan approach offered by Senators Klobuchar and Thune that would achieve immediate budget savings, help pay down the debt, protect against the vagaries of the oil market, expand ethanol refueling infrastructure, and continue to incent the commercialization of next generation ethanol technologies. America needs an energy policy that addresses the challenges we face in the 21st century, not a continuation of the same energy ideology that has forced America to be increasingly reliant on OPEC and others for our energy future."
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