Difference between revisions of "Renewable Fuels Association"
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| − | The '''Renewable Fuels Association''' is a trade group for the US ethanol industry. | + | The '''Renewable Fuels Association''' is a trade and lobbying group for the US ethanol industry. |
According to a report 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: | According to a report 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: | ||
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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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| + | ==Notes== | ||
| + | <references/> | ||
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| + | [[Category:GM]][[Category:Biofuels]][[Category:Biofuels Lobby Groups]] | ||
Revision as of 19:11, 1 February 2009
The Renewable Fuels Association is a trade and lobbying group for the US ethanol industry.
According to a report 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]
Notes
- ↑ Stephen Power, "Ethanol Industry Lines Up for Washington Help", The Wall Street Journal, 16 December 2008, accessed February 2009.
