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Senate Passes Farm Energy Bill

by 5m Editor
14 December 2007, at 7:25am

US - The Senate passed an energy bill yesterday that will allow America’s farmers and ranchers to play a significant role in reducing US dependency on imported oil.

Most notably, the Senate energy bill expands the Renewable Fuels Standard (RFS) to 36 billion gallons by 2022.

“Fuels from the farm is a bright spot for rural America,” US NFU President Tom Buis said. “Renewable fuels have revitalised once-struggling rural communities by creating economic opportunities for family farmers, ranchers and rural Americans. I commend the Senate for their support, urge the House to follow suit and the President to sign before the end of the year.”

He said that America’s farmers and ranchers have been providing a safe, affordable, abundant food supply for more than 200 years and were ready, willing and able to provide clean, renewable fuels from the farm,” Mr Buis said.

“While I am disappointed an extension of renewable tax incentives such as the production tax credit (PTC) for wind and a national Renewable Electricity Standard (RES) were not part of the final energy bill, I remain hopeful that Congress will address these provisions in 2008,” he added.

Further Reading

- Go to our previous news item on this story by clicking here.

5m Editor