Difference between revisions of "Renewable Fuels Association"
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The '''Renewable Fuels Association''' is a trade and lobbying group for the US ethanol industry. | The '''Renewable Fuels Association''' is a trade and lobbying group for the US ethanol industry. | ||
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:Hartwig said RFA has suggested a number of steps including setting up a $1 billion short-term credit facility so ethanol producers could finance current operations; a $50 billion federal loan guarantee program to finance investment in new renewable fuel production capacity and supporting infrastructure; and a requirement that any auto maker receiving federal aid only produce new vehicles that can run on any blend up to 85% ethanol, beginning with the 2010 model season.<ref>Stephen Power, "[http://blogs.wsj.com/washwire/2008/12/16/ethanol-industry-lines-up-for-washington-help/ Ethanol Industry Lines Up for Washington Help]", The Wall Street Journal, 16 December 2008, accessed February 2009.</ref> | :Hartwig said RFA has suggested a number of steps including setting up a $1 billion short-term credit facility so ethanol producers could finance current operations; a $50 billion federal loan guarantee program to finance investment in new renewable fuel production capacity and supporting infrastructure; and a requirement that any auto maker receiving federal aid only produce new vehicles that can run on any blend up to 85% ethanol, beginning with the 2010 model season.<ref>Stephen Power, "[http://blogs.wsj.com/washwire/2008/12/16/ethanol-industry-lines-up-for-washington-help/ Ethanol Industry Lines Up for Washington Help]", The Wall Street Journal, 16 December 2008, accessed February 2009.</ref> | ||
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:We’re not asking for a specific bailout, but rather, as a trade association, we’re providing ideas to an incoming Congress and a new administration about ways to bolster the domestic renewable fuel industry ... We’re doing what all trade organizations are doing - providing the Obama administration with ideas.<ref>Stephen Power, "[http://blogs.wsj.com/washwire/2008/12/16/ethanol-industry-lines-up-for-washington-help/ Ethanol Industry Lines Up for Washington Help]", The Wall Street Journal, 16 December 2008, accessed February 2009.</ref> | :We’re not asking for a specific bailout, but rather, as a trade association, we’re providing ideas to an incoming Congress and a new administration about ways to bolster the domestic renewable fuel industry ... We’re doing what all trade organizations are doing - providing the Obama administration with ideas.<ref>Stephen Power, "[http://blogs.wsj.com/washwire/2008/12/16/ethanol-industry-lines-up-for-washington-help/ Ethanol Industry Lines Up for Washington Help]", The Wall Street Journal, 16 December 2008, accessed February 2009.</ref> | ||
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| − | [[Category:GM]][[Category:Biofuels]][[Category:Biofuels Lobby Groups]] | + | [[Category:GM]][[Category:Biofuels]][[Category:Biofuels Lobby Groups]][[Category:Energy]][[Category:Climate]][[Category:Climate Change]] [[Category:Climate: Energy]] [[Category:Climate: Energy Industry]] |
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Latest revision as of 11:36, 7 July 2010
The Renewable Fuels Association is a trade and lobbying group for the US ethanol industry.
According to a report by Stephen Power in The Wall Street Journal, shortly prior to US President Barack Obama's inauguration, the RFA suggested a government bail-out for the biofuels industry, which was hit in late 2008 by the drop in oil prices:
- The Renewable Fuels Association, a trade group for the U.S. ethanol industry, has spoken with staff members from Capitol Hill and President-elect Barack Obama’s team and “provided them with some ideas on how to craft the language of” an economic recovery package, said Matt Hartwig, a spokesman for the RFA.
- Hartwig said RFA has suggested a number of steps including setting up a $1 billion short-term credit facility so ethanol producers could finance current operations; a $50 billion federal loan guarantee program to finance investment in new renewable fuel production capacity and supporting infrastructure; and a requirement that any auto maker receiving federal aid only produce new vehicles that can run on any blend up to 85% ethanol, beginning with the 2010 model season.[1]
Hartwig is quoted as saying:
- We’re not asking for a specific bailout, but rather, as a trade association, we’re providing ideas to an incoming Congress and a new administration about ways to bolster the domestic renewable fuel industry ... We’re doing what all trade organizations are doing - providing the Obama administration with ideas.[2]
Power added the following update to his article:
- Hartwig calls back to add that his group offered ideas to the Obama team after being approached by a transition representative seeking the RFA’s input on what should be included in an economic recovery package; “We are not, I repeat, not asking for anything or lobbying for anything,” Hartwig said.[3]
Notes
- ↑ Stephen Power, "Ethanol Industry Lines Up for Washington Help", The Wall Street Journal, 16 December 2008, accessed February 2009.
- ↑ Stephen Power, "Ethanol Industry Lines Up for Washington Help", The Wall Street Journal, 16 December 2008, accessed February 2009.
- ↑ Stephen Power, "Ethanol Industry Lines Up for Washington Help", The Wall Street Journal, 16 December 2008, accessed February 2009.
