We applaud President Obama’s commitment to getting America off oil
Posted 13 February 2013 in
Tonight, President Obama laid out an agenda that includes cutting our dependence on oil, fighting climate change and creating jobs. The current administration has been a long-time supporter of renewable fuel, which can help meet all three of these goals.
The Renewable Fuel Standard is an essential policy that is already helping to wean us from oil and that, if left intact, can do even more to benefit America. The RFS has been crucial in encouraging investment in oil alternatives, driving innovation in advanced biofuels and opening up markets so that Americans have a choice at the gas pump.
Last year, 13 billion gallons of renewable fuel were added to our fuel supply. That production supported jobs for and employed more than 380,000 Americans while reducing the need for imported oil by more than 462 million barrels. A secure, domestic and clean fuel source, renewable fuel increasingly shields our country from volatile global oil markets, lowers gas prices – by $1.09 per gallon on average in recent years – and reduces harmful emissions that contribute to climate change. In 2012, using renewable fuel slashed greenhouse gas emissions by 33.4 million metric tons.
Renewable fuel has an important role to play in supporting President Obama’s energy agenda and job-creation goals. The companies of the renewable fuel sector stand ready to help make those goals a reality.
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Renewable fuel is more important than ever – driving economic growth in communities that need it, improving our nation’s energy security and attracting millions in new technology dollars to invest in America’s future.
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