WASHINGTON — Bob Dinneen, President and CEO of the Renewable Fuels Association, fired back against legislation drafted by Senators Diane Feinstein (D-CA) and Tom Coburn (R-OK) that would eliminate the conventional ethanol portion of the Renewable Fuel Standard.
“This legislation is monumentally stupid. Eliminating the conventional ethanol portion of the Renewable Fuel Standard would eliminate the opportunity to further evolve the biofuels industry and commercialize new technologies and feedstocks. We all understand that Senator Coburn just wants a world free of competition for his oil industry. But, Senator Feinstein professes to support second generation biofuels. What she is failing to understand, however, is that we will never see those technologies develop if the policy is gutted and the investment community is given the unambiguous signal that Congress is not serious about reducing our dependence on foreign oil.”