WASHINGTON (AP) -- The Obama administration renewed its commitment Tuesday to speed up investments in ethanol and other biofuels while seeking to deflect some environmentalists' claims that huge increases in corn ethanol use will hinder the fight against global warming.
President Barrack Obama directed more loan guarantees and economic stimulus money for biofuels research and told the Agriculture Department to find ways to preserve biofuel industry jobs. The recession, as well as lower gasoline prices, has caused some ethanol producers to suffer, including some who have filed for bankruptcy.
Obama said an interagency group also would explore ways to get automakers to produce more cars that run on ethanol and to find ways to make available more ethanol fueling stations. ''We must invest in a clean energy economy,'' Obama said in a statement.
Besides enriching a handful and rewarding senators from certain states, ethanol is a total joke.Even more amazing was that the EPA Head, the Energy Secretary, yeah the one who doesn't know his job, and Tom Vilsak were there to support the President.
The White House made its first major statement on ethanol on Tuesday, mustering three Cabinet members to outline a plan to shield corn ethanol producers from the credit crisis, work with them to cut their use of natural gas and coal in ethanol production, and nudge the auto industry toward production of vehicles that can use ethanol at concentrations of up to 85 percent.
In pursuing these goals, the Secretaries of Agriculture and Energy, Tom Vilsack and Steven Chu, along with the administrator of the Environmental Protection Agency, Lisa Jackson, announced during a press conference the formation of a “Biofuels Interagency Working Group,’’ comprised of the three agencies.
Disaster for the environment and the economy.
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