America's top biofuel and farm advocates called on President Biden to swiftly expand access to lower-carbon, lower-cost biofuels as the administration seeks to address the rising cost of fuel. In a letter to the White House, rural leaders noted that biofuels hold the power to "insulate consumers from volatile oil markets by extending the fuel supply, much like releasing oil from the Strategic Petroleum Reserve, but with sustainable results."
"Simply extracting more oil -- or importing it from Organization of the Petroleum Exporting Countries (OPEC) -- won't deliver the results you are seeking for consumers or the climate," warned the Advanced Biofuels Business Council, American Soybean Association, Association of Equipment Manufacturers, Growth Energy, National Biodiesel Board, National Corn Growers Association, National Farmers Union, National Sorghum Producers, Renewable Fuels Association, and Fuels America.
To promote competitive prices while reducing emissions, biofuel and farm advocates also urged regulators to act swiftly on long-awaited biofuel blending requirements under the Renewable Fuel Standard (RFS).
"You can put American motorists first by aggressively pursuing your stated goal of 'doubling down on the liquid fuels of the future which make agriculture a key part of the solution to climate change.' On the cusp of COP-26, this is an opportunity to show that the United States is serious about embracing new, cleaner solutions to age-old challenges," they added.
Categories: Minnesota, Business, Crops, Corn, Soybeans, Sorghum