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Our Response to the Feinstein-Coburn Bill to Eliminate Corn Ethanol Mandate within the RFS
Posted 13 December 2013 in
The bill from Senators Feinstein, Coburn, and their co-sponsors is short-sighted and demonstrates a failure to understand how the renewable fuel industry works.
First and second generation renewable fuel are linked and in weakening the corn ethanol industry, this bill will kill the promise of cellulosic fuels – the very sector the Senators claim to support.
First-generation producers are investing in the next generation of clean fuels. Damaging those companies would result in a huge reduction in investments aimed at cellulosic commercialization.
It would also signal to investors that the RFS did not create the stable marketplace that it was intended to, and that Congress could change any part of the law based on the political mood of the day. Together, these consequences would fatally damage the future of advanced fuels in America.
Economists agree that oil is the main driver of high food prices, not corn. And the widespread belief that 44 percent of the corn crop goes toward ethanol is untrue. Roughly a third of that corn is made into high-protein animal feed. This bill is based on rumors perpetuated by the oil industry, not facts.
This measure would strand billions of dollars already invested in advanced fuels; undermine research and development; and threaten thousands of potential jobs.
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Our Response to the Feinstein-Coburn Bill to Eliminate Corn Ethanol Mandate within the RFS
