As Texas Sen. Ted Cruz announces his candidacy for president, Growth Energy is reminding voters of what the ethanol group calls his “pro-fossil fuel, pro-drilling legislation attempts to kill the homegrown renewable fuels industry.” This news release points to Cruz’s American Energy Renaissance Act, which Tom Buis, CEO of Growth Energy, says will promotes Big Oil and deny consumer choice.
“The recent legislation introduced by Senator Cruz is not only shortsighted in terms of a comprehensive energy policy, but it seeks to stifle all production and growth of homegrown, sustainable biofuels that help create American jobs and reduce our dangerous dependence on fossil fuels. This legislation fails to factor in the important role biofuels play in reducing greenhouse gas emissions, while also providing consumers with a choice and savings at the pump.
“Senator Cruz seems to believe that he is exercising leadership by attacking the only energy policy that has contributed to our economic, energy and national security. Yet Senator Cruz fails to challenge or acknowledge the excessive subsidies oil companies have received for 102 years and counting at the expense of the American taxpayer. Let’s be clear – this is not ‘profiles in courage,’ this is pandering to Big Oil.
“He says there are no benefits from renewable fuels; however, the Renewable Fuel Standard has helped reduce our dependence on foreign oil by nearly 50 percent, from 60 to 33 percent, saved consumers at the pump, cleaned our air and revitalized our rural economy. Furthermore, his legislation is a direct attack on America’s farmers, the backbone of this nation, who are working overtime to feed the world and fuel America.”
Growth concludes that Cruz’s legislation would take away the freedom of choice for consumers to choose higher performing, less expensive fuel for which there is a demand.