What the State of the Union Missed
Posted 29 January 2014 in
Viewers of last night’s State of the Union address got the impression that President Obama supports an “all of the above” approach to America’s energy policy. But despite this rhetoric, the President’s own Environmental Protection Agency (EPA) plans to cut back on renewable fuel in 2014 by slashing obligations under the Renewable Fuel Standard. This proposal threatens severe economic and environmental effects: drivers will pay billions in increased fuel costs, oil companies stand to increase their profits by more than $10 billion and, according to a recent analysis, 30 million additional metric tons of carbon dioxide will be released into the air as a result of increased petroleum consumption. That’s the equivalent of 5,600,000 more cars on the road.
By signaling a retreat on renewable fuel, the Administration is also threatening the immense progress the industry has made toward commercialization of advanced fuels like cellulosic ethanol. This map, based on data from the Biotechnology Industry Organization, details 68 facilities and more than $5.9 billion of investment in the fuels of tomorrow:
We hope the Administration and the EPA listen to the thousands of comments sent by farm families, small business owners, labor groups and environmental advocates in defense of renewable fuel and revise their proposal for the sake of a clean energy future.
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