Farms.com Home   News

Ethanol Supporters To Obama: Heed Own Warning On Climate Change

In a letter to President Obama today, the National Corn Growers Association and others urge the Administration to rethink its proposal to weaken the bipartisan Renewable Fuel Standard – a proposal that is at odds with the National Climate Assessment the White House released earlier this week.
 
In addition to NCGA, the letter is signed by Abengoa Bioenergy, the Advanced Ethanol Council, the Biotechnology Industry Association, DuPont, DSM, Growth Energy, Novozymes, the Renewable Fuels Association, and POET.
 
The companies and organizations write that the Administration’s proposal to reduce the amount of renewable fuel in gasoline and diesel would “make us more oil dependent, effectively gut the bipartisan Renewable Fuel Standard, strand billions of dollars in private investment, and send emissions of carbon dioxide and other pollutants sharply higher.”
 
The letter notes that the impact of the Administration’s proposal would increase carbon pollution by an estimated 28.2 million metric tons in 2014 alone – which is equivalent to building 7 new coal-fired power plants or cancelling every wind farm project currently under construction in the Unites States.
 
“The question comes down to whether we want to rely more on foreign oil, or more on clean, renewable American made biofuels,” said the authors of the letter. “We urge you to reconsider the EPA proposal and the methodology for reducing the volumes -- and allow the commonsense, bipartisan Renewable Fuel Standard to continue working as intended to create American jobs, promote American innovation, cut our reliance on foreign oil, and reduce harmful carbon pollution.”

Source : ncga


Trending Video

Iran War = “Trend is Your Friend” Short-Term BUT……

Video: Iran War = “Trend is Your Friend” Short-Term BUT……


Historically wars like the 2026 Iran war are bullish hard assets like grains, metals and energy! The funds are spooked and do not want to be short, but do they price in the news over time, similar to the Ukraine/Russian war that started on Feb. 24, 2022? A closure of the Strait of Hormuz is the key to the surge in crude oil, natural gas prices and fertilizer prices.  Grains are breaking out to new contract highs as a hedge against inflation.