Biofuels Industry Urges Energy Bill Passage

The Renewable Fuels Association (RFA), representing the U.S. ethanol, and biodiesel industries, called upon the House of Representatives and Senate to enact the Renewable Fuels Standard (RFS) and renewable energy tax provisions contained in the conference report to H.R. 6, the Energy Policy Act of 2003.

Washington D.C. – November 18, 2003 [] “The ethanol industry calls upon Congress to pass the energy bill, which makes an historic and unprecedented federal commitment to renewable fuels like ethanol and biodiesel,” said Bob Dinneen, RFA President. “In order to achieve a safe and secure energy future, America must increase the contribution of domestic, renewable fuels. For far too long, America has relied on energy flowing from unstable and hostile parts of the world to fuel our economic growth. Enacting the RFS and renewable energy tax provisions in this energy bill will put ethanol in the forefront of our energy future – bolstering our energy security, invigorating rural economies, and safeguarding precious environmental resources.” The proposed comprehensive energy bill includes the following provisions: – Renewable Fuels Standard (RFS) – doubles the minimum use of ethanol to 5 billion gallons per year by 2012. – Volumetric Ethanol Excise Tax Credit (VEETC) – Protects highway funding while preserving an important incentive for ethanol use. Promotes refiner flexibility, reduces fuel tax fraud, and enhances opportunities for E-85. – Modifies the Small Ethanol Producer Tax Credit to allow farmer-owned facilities to fully utilize the credit and updates the definition of a “small producer” to up to 60 million gallons per year of production. – RFS waiver provisions that protect consumers while not undermining the growing market for renewable fuels. “A shift in energy policy as fundamental as enacting an RFS would not have been possible without the support of a truly historic coalition,” said Dinneen. “The oil industry, public health officials, and ethanol supporters put aside past differences and worked together to craft a forward looking renewable fuels policy that would benefit consumers, farmers, energy producers and the environment. At a time when some decry increasing partisanship on Capitol Hill, the renewable fuels policy garnered diverse, bipartisan legislative support in Congress – a model for successful cooperation on important challenges facing America.”


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