Feinstein/Coburn Legislation Threatens Future of Biofuels Industry

WASHINGTON, DC — Following the news that Senator Feinstein (D-CA) and Senator Coburn (R-OK) will introduce legislation to eliminate conventional biofuel from the Renewable Fuel Standard (RFS), Tom Buis CEO of Growth Energy released the following statement:

“This legislation is incredibly short-sighted. This legislation is nothing more than a job killer that will also gravely damage innovation and the robust rural economy. More than anything, it seems like legislation is appeasing the wishes of Big Oil.

“You cannot have advanced biofuel without conventional biofuel, and the reality is that if such legislation were to move forward it would embrace the status quo of our dependence on foreign oil, concede we no longer are serious about reducing greenhouse gas emissions and are seeking to pursue a policy that would result in massive upheaval and job loss in today’s booming rural economy.

“It appears to me, this legislation is nothing more than a large concession to Big Oil, which continues to have a stranglehold on the liquid fuels marketplace. Furthermore, this is a slap in the face to consumers who deserve a choice and savings when they go to fill up at the pump.”

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About Growth Energy
Growth Energy represents the producers and supporters of ethanol who feed the world and fuel America in ways that achieve energy independence, improve economic well-being and create a healthier environment for all Americans now. For more information, please visit us at www.GrowthEnergy.org, follow us on Twitter @GrowthEnergy or connect with us on Facebook.