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Ag News
President Lights Fire Under Biofuels Industry
The Obama Administration made two major announcements yesterday concerning biofuels. First, President Obama issued a Presidential directive to Ag Secretary Tom Vilsack, Energy Secretary Stephen Chu and Environmental Protection Agency Administrator Lisa Jackson to aggressively accelerate the investment in and production of biofuels. The trio will co-chair the President’s Biofuels Interagency Working Group. Ag Secretary Vilsack followed with his own announcement, saying he will help lead an unprecedented interagency effort to increase America’s energy independence and spur rural economic development. President Obama directed the Secretaries to expedite and increase production of and investment in biofuel development efforts by: refinancing existing investments in renewable fuels to preserve jobs in ethanol and biodiesel plants, renewable electricity generation plants, and other supporting industries; and making renewable energy financing opportunities from the Food, Conservation and Energy Act of 2008 available within 30 days.
According to Secretary Vilsack, - President Obama's announcement demonstrates the President’s deep commitment to establishing a permanent biofuels industry in America. He added, - expanding our biofuels infrastructure provides a unique opportunity to spur rural economic development while reducing our dependence on foreign oil - one of the great challenges of the 21st century.
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- © 2008 Rural Radio Network. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.