In advance of a vote in the Senate on an amendment to eliminate the Volumetric Ethanol Excise Tax Credit (VEETC) immediately, ethanol interests remain “cautiously optimistic” that the measure will fail. Seven agriculture and ethanol organizations sent a letter to the Senate leadership urging a no vote on the amendment proposed last week by Sen. Tom Coburn (R-OK). In it …
Thune/Klobuchar Bill Endorsed by Ethanol Industry
Senators John Thune (R-SD) and Amy Klobuchar (D-MN) along with a bipartisan group of nine other Senate colleagues have introduced the Ethanol Reform and Deficit Reduction Act. The bill is designed to modify the current Volumetric Ethanol Excise Tax Incentive (VEETC), which is a set tax, to a variable tax incentive tied to the price of oil. To help open …
Ethanol Industry Criticizes Coburn
The ethanol industry is criticizing Sen. Tom Coburn’s (R-OK) amendment to eliminate the Volumetric Ethanol Excise Tax Credit (VEETC) immediately. During the past few months, the ethanol industry has acknowledged that the time is near for the tax credit to be phased out and has offered bipartisan plans to phase out VEETC over the next five years. Growth Energy has …
Growth Energy Ready for America Ethanol in KS
Getting ready for the American Ethanol event at the Sprint Cup Series STP 400 race on the Kansas Speedway, some 1200 corn and ethanol supporters are gathering to watch. Growth Energy CEO Tom Buis is busy doing media interviews this morning, including a live shot with Fox News. “There’s no sport more American than NASCAR, and no fuel more American …
Ethanol Groups Support Open Fuel Standard
While one biofuels group has expressed concern about Open Fuel Standard legislation, the three main ethanol organizations in the country are in favor of it. Renewable Fuels Association President and CEO Bob Dinneen says they endorse the Open Fuel Standard Act introduced by Representatives John Shimkus and Elliot Engel. Additionally, the RFA has endorsed similar legislation offered by Senators Tom …
Bill Would Require Origin Labeling for Fuel
Congressman Bruce Braley (D-Iowa) this week introduced legislation that would require all gasoline sold in the U.S. to carry country-of-origin labeling (COOL). “I am introducing legislation in the House that would require a label that clearly states the nation of origin for the fuel you’re pumping,” Braley said in a Huffington Post op-ed yesterday, penned with retired General Wesley Clark …
New Oxfam Report: Growing a Better Future
A new report, “Growing a Better Future,” has the ethanol industry up in arms over its accusation that U.S. biofuel policy is leading to world hunger. The report kicked off a new worldwide GROW campaign spearheaded by the organization. The report covers the symptoms of today’s broken food system: growing hunger, flat-lining yields, a scramble for fertile land and water, …
Ethanol Supporters in DC
Growth Energy today welcomed ethanol supporters from Missouri, Minnesota and North Dakota to Washington, D.C. for a series of meetings with members of Congress to raise awareness about ethanol and its role in keeping gas prices down, strengthening our nation’s energy security and creating jobs in rural communities. The Missouri delegation includes Greg Krissek and Monique Garcia from ICM and …
Oil Prices Drop, Gas Prices Rise
It’s Friday and that means its time to fill the gas tank. Just in time for weekend fun, it always seems like gas prices go up. Here in California, prices are hovering near the $4.40 per gallon mark. But this week, oil prices dropped 15 percent from a two-year high of $114.83 on Monday and today prices closed at $97.18. …
First Flex Fuel Pump Opens in Pennsylvania
Pennsylvania is the home of its first flex fuel pump. Rhoads Energy worked with Growth Energy to install the pump at its station located at 2176 Paxton Street, Harrisburg, PA. The pump was installed with assistance provided from Growth Energy’s 2010 E85 and Flex Fuel Pump Program. “Providing consumers with greater access to ethanol will help reduce our dependence on …