Growth Energy CEO Emily Skor released the following statement on the reintroduction of the Clean Energy for America Act by Sen. Ron Wyden (D-OR). The legislation would consolidate and extend tax incentives for renewable fuels.
“We thank Sen. Wyden for his efforts to provide long-term tax certainty to advanced and cellulosic biofuels,” Skor said.
“Corn ethanol reduces greenhouse gas emissions by 43 percent, and under this legislation, credits are based on greenhouse gas reductions and are technology neutral. The bill also recognizes increased payments for improved emissions reductions and has a less complicated formula that does not discriminate against ethanol fuels.
“Ethanol is an advanced biofuel that Americans use every day, and it is moving our nation forward. Policies like those proposed in this legislation will pave the way for the continued growth of this clean-burning, environmentally friendly biofuel.”