Obama Focusing on Biofuels

President Obama will be making a series of steps as part of his “comprehensive strategy to enhance American energy independence while building a foundation for a new clean energy economy, and its promise of new industries and millions of jobs.”

“Now, I happen to believe that we should pass a comprehensive energy and climate bill,” said Obama.  “It will make clean energy the profitable kind of energy, and the decision by other nations to do this is already giving their businesses a leg up on developing clean energy jobs and technologies.”

During a session with a bipartisan group of governors, Obama presented three measures that will “work in concert to boost biofuels production and reduce our dangerous dependence on foreign oil.”  The Environmental Protection Agency (EPA) has created a rule to implement the long-term renewable fuels standard of 36 billion gallons by 2022 established by Congress.

The U.S. Department of Agriculture has proposed a rule on the Biomass Crop Assistance Program (BCAP) that would provide financing to increase the conversion of biomass to bioenergy.

“But even if you disagree on the threat posed by climate change, investing in clean energy jobs and businesses is still the right thing to do for our economy.  Reducing our dependence on foreign oil is still the right thing to do for our security.  We can’t afford to spin our wheels while the rest of the world speeds ahead.”