Pennsylvania Senator Pat Toomey, California Senator Diane Feinstein and Arizona Senator Jeff Flake have sponsored the Corn Ethanol Mandate Elimination Act of 2015. Growth Energy CEO Tom Buis says this legislation is incredibly shortsighted. He says identical legislation has been introduced in the past and has always failed to gain traction. Buis says this amendment would eviscerate the Renewable Fuel Standard and keep the U.S. addicted to foreign oil. The legislation is based on false, misleading information – blaming ethanol for an increase in the price of food – but Buis says it is completely devoid of any facts to back it up.
If this amendment is adopted – he says it would embrace the status quo of the nation’s dependence on fossil fuels and foreign oil, concede the U.S. is no longer serious about reducing greenhouse gas emissions and seek to pursue a policy that would result in massive upheaval and job loss in today’s booming rural economy.