Senator Tom Harkin, D-Iowa, and Congressman Leonard Boswell, D-Iowa, released statements Monday on the Energy Department's Dedicated Ethanol Pipeline Feasibility Study, a study ordered to examine the economic viability of a pipeline to transport ethanol from the Midwest to the East Coast. The study suggests a pipeline is feasible under certain scenarios and development of a pipeline could be expedited with federal support by a loan guarantee for the project.
Both Harkin and Boswell have worked to include loan guarantees for a pipeline into energy policy. Harkin says biofuels are one of the nation's best weapons for reducing dependence on oil and the U.S. can attract private investment in large infrastructure development projects, create good-paying jobs and further move the nation toward energy independence and security by providing federal loan guarantees for biofuels pipelines, all with minimal taxpayer investment.
Boswell says a renewable fuels pipeline would reduce the overall cost of those fuels to consumers outside of the Midwest, create jobs and help rural communities thrive, while also reducing greenhouse gas emissions during truck and rail transport of biofuels. He says a pipeline would have important benefits for the country as a whole.
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