(OT) President Signs Two Substantial Biodiesel Bills into Law
Lord Gow, rogue bull of the 333!
President Signs Two Substantial Biodiesel Bills into Law
President George W. Bush on August 8 signed the landmark Energy Bill that
includes key provisions to promote cleaner burning biodiesel. The bill
passed with several provisions to promote biodiesel's growth, including the
extension of a federal excise tax credit, the biodiesel industry's number
one priority.
The tax incentive, established originally as part of the American JOBS
Creation Act of 2004, would have expired in 2006. It will now be extended
through 2008 thanks to Congressional champions such as Senators Chuck
Grassley (R-IA), Blanche Lincoln (D-AR) and Jim Talent (R-MO) and
Congressmen Kenny Hulshof (R-MO) and Earl Pomeroy (D-N.D.). The excise tax
credit provides an incentive to fuel distributors to blend biodiesel into
diesel fuel and to help reduce costs to consumers. The credit amounts to a
dollar per gallon for "agri-biodiesel," such as that made from soybean oil,
and 50 cents per gallon for biodiesel made from recycled cooking oil.
Sen. Talent also helped create the small producer tax credit for
agri-biodiesel, as well as helped secure the 7.5 billion gallon Renewable
Fuels Standard in the Energy Bill that sets America on course for greater
use of biodiesel and ethanol.
In addition, the Energy Bill creates a credit for alternative fuel refueling
installations, including those that dispense B20. The Energy Bill also
supports demonstration and testing projects that use biodiesel, like
university stationary generators. It also encourages the Departments of the
Interior, Commerce and Agriculture to use energy efficient vehicle
technologies, including biodiesel. The Energy Bill states that biodiesel is
eligible for the Clean Bus program that the Environmental Protection Agency
(EPA) administers for schools.
On August 10, the President signed into law the Transportation Bill, which
contains funding critical to ensure acceptance of biodiesel in future diesel
engines. Sen. Kit Bond (R-MO), chairman of the Senate Transportation and
Infrastructure subcommittee, helped secure an $8 million program for
biodiesel research to be conducted by the National Biodiesel Board.
Further, in response to an EPA ruling, all engine companies are currently
developing new clean diesel technology that will begin entering the market
in 2007. The bill's funds, which will be leveraged with industry dollars,
will give the biodiesel industry the opportunity to incorporate biodiesel
into these engine testing programs.
Other biodiesel highlights of the bill include the eligibility of biodiesel
under the scope of the Congestion Mitigation Air Quality (CMAQ) funding
program for seven states; changes to the Clean Fuels Grant Program that
specifically list biodiesel as eligible; a grant program for parks to
increase their alternative transportation projects and an Alternative Fuels
Study.
(full newsletter at link)
LG
--
"The battle, sir, is not to the strong alone; it is to the vigilant, the
active, the brave." - Patrick Henry, speech to the Virginia Convention,
March 23, 1775
Faerva with Looters!
--
Never shit a shitter.
*RULER of alt.pro-wrestling.nwo
*********************************
"Lord Gow, rogue bull of the 333!" <lor...@yahoo.com> wrote in message
news:11hph86...@corp.supernews.com...
ViNNY
Good. Now if only our allegedly left-wing government in the UK would do
the same instead of making vague threats to make home-made biodiesel
ILLEGAL.
-Vin
Lord Gow, rogue bull of the 333!
"ViNNY" <vi...@noemail.org> wrote in message
news:11259625...@nnrp-t71-02.news.clara.net...
Interesting concept. How the hell did they come up with that one?!?
And remember, vote conservative!
ViNNY
Always have, always will. My Dad is the Conservative leader of the local
Council, and ran unsuccessfully for Parliament in 2001.
-Vin
Lord Hatred
ViNNY <vi...@noemail.org> wrote:
Perhaps it should also be pointed out that Brit conservative =
moderate Democrat in the US like Kerry or Bill Clinton.
--
Stefan
http://pillartopost.blogspot.com
http://www.livejournal.com/users/lord_hatred/
Squad
duh. all southerners and rich people are conservatives.