Congressman Eliot Engel (D-NY) and Congresswoman Ileana Ros-Lehtinen (R-FL) this week introduced the Open Fuel Standard Act (H.R. 2493) in the House, legislation which would require 30 percent of new automobiles in 2016, 50 percent in 2017, and 50 percent in each subsequent year, to operate on non-petroleum fuels in addition to or instead of petroleum-based fuels. “This could include …
House Subcommittee RFS Hearing
The House Energy and Commerce Subcommittee on Energy and Power held a hearing Wednesday on the
House Subcommittee Hearing on RFS Today
The House Energy and Commerce Subcommittee on Energy and Power is holding a hearing today in Washington on “Overview of the Renewable Fuel Standard: Government Perspectives.” The hearing features testimony from the Energy Information Administration, U.S. Department of Agriculture and the Environmental Protection Agency. The hearing was scheduled to begin on 1:30 eastern time but has now been postponed until …
DuPont Exec Talks Food and Fuel
Food security was the topic for an address last week to the International Food and Agribusiness Management Association (IFAMA) World Forum by DuPont Executive Vice President Jim Borel. “We need a new generation of food visionaries who can see the tremendous opportunity made possible by the simple fact that people have to eat,” Borel told the group of more than …
Ethanol Industry Bites Back at Restaurant RFS Attack
The National Council of Chain Restaurants (NCCR) today announced a new campaign focused on repealing the federal Renewable Fuel Standard (RFS) and the ethanol industry is biting back. Renewable Fuels Association president and CEO Bob Dinneen says the restaurants just want to fatten profits while denying that it is energy that supersizes food costs. “Here’s a hot, heaping serving of …
American Ethanol up for Michigan NASCAR Race
American Ethanol will be on center stage at the Michigan NASCAR race this weekend including driver Austin Dillon behind the wheel of the #33 car in a cool black and green ethanol paintout. Dillon says the use of 15% ethanol blended fuel as a clean burning alternative has had great benefits for NASCAR racing. “If you look back on our …
Ethanol Report on RFS-Food Price Study
In this Ethanol Report, John Urbanchuk of ABF Economics talks about a new study, commissioned by the Renewable Fuels Association, that shows no direct correlation between the Renewable Fuel Standard (RFS) and the overall increase in food prices since 2008. Listen to or download the Ethanol Report here: Subscribe to “The Ethanol Report” with this link.
USDA Report Increases Corn for Ethanol Use
The latest World Agricultural Supply and Demand Estimates (WASDE) report from USDA lowers forecast corn production for the U.S. this year but increases corn for ethanol use estimates. Stressing right up front that because planting is still underway projections are “highly tentative,” the report lowers the projected corn production number due to delayed plantings by 135 million bushels to 14.0 …
New Study on Food Prices and the RFS
ABF Economics released a new, detailed analysis showing no direct correlation between the Renewable Fuel Standard (RFS) and the overall increase in food prices. The study, commissioned by the Renewable Fuels Association, specifically examined “the relationship between the RFS and recent changes in consumer food prices. Specifically this includes an examination of the relationship between corn prices and consumer food …
Global Renewable Fuels Calls Food Lobby Letter Misleading
Officials with the Global Renewable Fuels Alliance (GRFA) say a letter criticizing biofuels sent to British Prime Minister David Cameron by a group led by two of the world’s largest multinational food companies is “biased and misleading.” “Nestlé Chairman, Peter Brabeck-Letmathe who co-authored this misguided attack on biofuels has no credibility on this issue,” said Bliss Baker, spokesperson for the …