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Agricultural News

AEC Commends Governor Romney's Support for RFS; Calls For More Attention to Tax Parity

Thu, 23 Aug 2012 14:26:00 CDT

The Advanced Ethanol Council (AEC) released a statement today in response to the release of Governor Romney's energy plan:

"We commend Governor Romney for recognizing the importance of the Renewable Fuel Standard to the economic and environmental welfare of the country, and the need to open up the marketplace to renewable fuels," said Brooke Coleman, Executive Director of the AEC. "First generation biofuels are already competitive with petroleum-based fuels, and next generation biofuels are coming online as we speak. The RFS and market access are two critical pieces of the puzzle when it comes to the ongoing development of the domestic biofuels industry."

The Advanced Ethanol Council also noted the importance of the tax code when it comes to domestic energy development. "One area where we hope Governor Romney will be more explicit is in his campaign's support for parity in the tax code for renewable fuels," added Coleman. "We cannot have an 'all of the above' energy strategy if the the U.S. tax code continues to offer incentives to oil and gas developers that are not being offered to renewable fuels projects. Leveling the playing field in the tax code is absolutely critical to achieving the energy security goals set forth by the Romney Campaign."


   

 

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