星期二, 15 4 月, 2025
Home PV Policy Sen. Tom Coburn seeks to eliminate tax credit for ethanol production

Sen. Tom Coburn seeks to eliminate tax credit for ethanol production

Joining other Oklahoma lawmakers who have attacked federal ethanol policy, Sen. Tom Coburn introduced bipartisan legislation on Wednesday to eliminate billions of dollars in tax breaks for production of the corn-based fuel.


Bob Dinneen, president and CEO of the Renewable Fuels Association, said ethanol was part of the solution at a time of rapidly rising gas prices.


The bill authored by Coburn and Sen. Ben Cardin, D-Maryland, quickly earned the backing of several environmental and other interested groups, including the Grocery Manufacturers Association and Taxpayers for Common Sense.


History of disapproval


Sen. Jim Inhofe, R-Tulsa, has criticized the nation's ethanol policy, including the biofuels mandate, for years, charging that it has caused food shortages in some parts of the world by diverting corn to fuel production.


Inhofe and Rep. John Sullivan, R-Tulsa, have been working to block a recent Environmental Protection Agency ruling that would allow fuel containing up to 15 percent ethanol for newer vehicles. The current limit is 10 percent.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Wending Battery Monthly Shipment Exceeds 2GWh! Further Advancement in the Global Market

Thanks to its outstanding technological innovation and market performance, REPT BATTEROwending Battery’s monthly shipments have exceeded 2GWh! Since its launch, Wending Battery has gradually improved...

392Ah top energy storage battery cell is launched! From battery cells to systems, REPT BATTERO releases full-scenario energy storage solutions!

On the first day of the 13th Energy Storage International Summit and Exhibition (ESIE), REPT BATTERO officially released the 392Ah top®Energy storage cells and...

SYI TSING ENERGY and REPT BATTERO signed strategic cooperation agreement

The world-renowned 13th Energy Storage International Summit and Exhibition (ESIE2025) kicked off in Beijing on April 10, 2025. At this grand event that brings...

TBEA launchs grid energy storage system solution

On April 10, the 13th Energy Storage International Summit and Exhibition was grandly opened at the Capital International Convention and Exhibition Center. TBEA New Energy...