Renewable Energy Fund Defeated in North Dakota

[RenewableEnergyAccess.com] Agriculture Commissioner Roger Johnson said the North Dakota House of Representatives has missed an enormous opportunity to grow North Dakota’s economy through development of renewable energy. House Bill 1308 was defeated in the House on the second reading. The bill would have established a renewable energy trust fund with a $2 million appropriation from the ethanol production incentive fund. The Agricultural Products Utilization Commission would have administered the fund for feasibility studies, venture capital, matching funds and low-interest loans for renewable energy projects. The bill also contained a state renewable energy public policy, as well as provisions urging North Dakota state government to use more renewable energy. Without state involvement, Johnson said renewable energy development in North Dakota will lag behind the efforts of the rest of the country despite the abundant renewable energy resources.

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