Senate Committee Passes Stronger RFS

The US Senate Environment & Public Works Committee passed legislation to enact an improved Renewable Fuels Standard (RFS). Led by Chairman Senator Jim Inhofe (R-OK) and Senator John Thune (R-SD), the RFS bill adopted by the committee increases the amount of ethanol and biodiesel to be used in the U.S. to 6 billion gallons by 2012. The RFS pending in the 108th Congress called for 5 billion gallons of renewable fuel by 2012.

“This is a critically important first step to ensure that ethanol plays a more significant role in our nation’s energy policy, and we applaud Senator Thune’s leadership in working with Chairman Inhofe to make passage of an improved RFS a top priority,” said Brian Jennings, Executive Vice President of the American Coalition for Ethanol (ACE). “We look forward to strengthening the RFS schedule to reflect the ethanol industry’s long-term growth pattern as this legislation moves through the U.S. Senate.” ACE convened a meeting of the ethanol industry in December 2004 where it was determined that the RFS schedule needs to better reflect the industry’s rate of growth. U.S. ethanol producers are poised to supply approximately 4 billion gallons of clean burning performance fuel by the end of 2005. “Today’s development opens the door for ACE and other RFS supporters to work with all Members of Congress to improve the schedule and move another step closer to passing a more robust RFS,” stated ACE President, Bob Scott. Other committee members instrumental in supporting the improved RFS today were Senators Kit Bond (R-MO), Max Baucus (D-MT), George Voinovich (R-OH), and Barack Obama (D-IL).
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