March Madness is upon us. For those not living in the United States, it’s the two weeks where college men and women’s basketball teams battle it out on the court until the last team is standing and crowned champion. Now that the NCAA teams have been announced and the brackets determined, people are filling out their official tournament forms with …
Minnesota Biodiesel Mandate Survives Delay Attempt
A bill that would have delayed implementation of a 10 percent biodiesel mandate in Minnesota diesel fuels was stopped in a state legislative committee. This story from WDAZ-TV says the bill from Sen. Melisa Franzen, D-Edina, was defeated overwhelmingly in the state Senate Commerce Committee. She said most cars and light trucks are built to handle 5 percent biodiesel, which …
Ill Winds Blow for Energy Production Tax Credit
Things could be looking bleak for a federal tax credit that helps wind power projects. This article from Bloomberg Businessweek says the production tax credit is facing a bumpy ride as Congressional Republicans look for a bigger tax break overhaul. “Maybe there will be some in the Senate who will try to revive it but I really do think it’s …
IRFA: Obama Misses Chance to Help Biodiesel
As President Obama unveiled his FY 2015 Budget Proposal, the Iowa Renewable Fuels Association (IRFA) says he missed his chance to level the playing field for biodiesel. IRFA Policy Director Grant Menke points out that while the President included the reinstatements of several currently expired tax provisions, such as tax credits for cellulosic biofuel and wind energy production, he seemed …
Camp Releases 2014 Tax Reform Draft
Ways and Means Committee Chairman Dave Camp (R-MI) has released draft of the “Tax Reform Act of 2014,” which he says will spur stronger economic growth, greater job creation and put more money in the pockets of taxpaying Americans. Camp’s goal is to fix America’s broken tax code by lowering tax rates and making tax policy simpler and fairer for …
Changes in the Law Drive U.S. Biodiesel Trends
While the proposal to cut the amount of biodiesel and ethanol to be blended into the Nation’s fuel supply has green fuel makers nervous, a new report shows that turmoil at the end of 2013 actually helped biodiesel spike. Financial services provider for agricultural producers and agribusinesses Rabobank Food & Agribusiness Research (FAR) says the Environmental Protection Agency’s (EPA) proposal …
Rep. Loebsack Introduces Infrastructure Re-FUEL Act
Congressman Dave Loebsack (D-IA) has introduced the Renewable Fuel Utilization, Expansion, and Leadership (Re-FUEL) Act. The goal of the legislation is to create a competitive grant program to assist fuel retailers with investments in renewable and alternative fuel/energy sources. The program would be administered through the U.S. Department of Agriculture (USDA) and will help create new and retrofit existing infrastructure, …
50,000 Wind Advocates Call for PTC Extension
The Production Tax Credit (PT) that provides tax incentives for the wind energy industry expired on December 31, 2013. Although there has been talk of tax reform, that would include a new formula for clean energy tax incentives, more than 50,000 citizens are urging Senator Ron Wyden (D-OR) to making a renewing the PTC one of his biggest priorities. Sen. …
Farm Bill Compromise Includes $881 Mil for Energy
A compromise Farm Bill agreed upon by U.S. Senate and House negotiators will set aside about $881 million in its Energy Title portion. The deal on the $500 billion Agricultural Act of 2014 gained praise from the Agriculture Energy Coalition (AgEC), a consortium of organizations and companies representing a broad spectrum of renewable energy, energy efficiency and bioproducts stakeholders. Lloyd …
Bi-Partisan Group Protests EPA Biofuels Reductions
A bi-partisan group of lawmakers is calling on the government to end its proposal to reduce the amount of ethanol and biodiesel that will be blended into the Nation’s fuel supply. Led by Democratic Congresswoman Cheri Bustos (IL-17) and Republican Congresswoman Kristi Noem (SD-AL), the group has sent a letter to the Environmental Protection Agency (EPA) over the agency’s proposal …