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Saturday, March 26, 2011

Senators Introduce Biofuels Bill with Tax Credit Extension

Sen. Amy Klobuchar (D-MN) and Sen. Tim Johnson (D-SD) recently re-introduced the Securing America’s Future with Energy and Sustainable Technologies Act, which would provide assistance and incentives for biofuels infrastructure and deployment.


The bill includes a five-year extension of the biodiesel tax credit and shifts it from a blender's to a producer's credit, both top priorities for the American Soybean Association.

The measure also includes an extension and revision of the ethanol tax credit; a renewable electricity standard of 25 percent renewable energy by 2025; an energy-efficiency resource standard of 1 percent per year; and targets for the availability of advanced vehicle technologies including hybrid, electric, and flex-fuel vehicles.


Sponsors indicated that the purpose of this legislation is to create jobs, reduce dependence on foreign energy sources, enhance national security and reestablish America's global energy technology leadership.







http://www.wisconsinagconnection.com/story-national.php?Id=582&yr=2011
http://venturebeat.com/2010/10/07/2015-the-future-of-biofuels-and-materials/
http://www.wired.com/autopia/2007/07/in-biofuels-god/


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