07/08/11
by: Roger Pedersen
A renewable energy compromise reached in
Washington Thursday would reduce the nation's
deficit by $1.3 billion.
It would end the tax credit for ethanol while
continuing the investment in cleaner fuels.
Farmers Union Communications and Marketing
Director Chris Studer says the compromise puts
tax credits into building infrastructure for ethanol.
He believes the deal brings ethanol closer to an
equal playing field with oil.
Studer says the extension of the tax credit for
cellulosic biofuels is crucial for ethanol's
development, because it is the next generation
of ethanol.
He says he is happy with South Dakota's delegation
pushing to make this happen.
South Dakota Senator John Thune headed this
compromise along with Senators Amy Klobuchar
of Minnesota and Dianne Feinstein of California.
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