Senators Focus on Renewables with SAFEST Act
Bill will promote development of renewable energy and energy efficiency.
Compiled by staff
Published: Jul 19, 2010
A measure introduced by Senators Amy Klobuchar, D-Minn., and Tim Johnson, D-S.D., could become part of the energy bill Democratic leaders are working on. Klobuchar believes strong biofuels provisions should be part of a revamped energy bill. The bill she has introduced with Johnson, the Securing America's Future with Energy and Sustainable Technologies or SAFEST Act would provide long-term incentives for the development of renewable fuels, renewable electricity and increased energy efficiency.
Among other things it would establish a renewable electricity standard of 25% renewable energy by 2025, include a long-term extension of tax credits for ethanol and biodiesel, establish a tax credit for blender pumps, and establish requirements for auto manufacturers to produce vehicles that utilize technologies and fuels that reduce direct fossil fuel consumption.
According to Klobuchar the strength of the nation is tied to the strength of the energy economy. She says the U.S. has the ability to be the global leader in energy due to the ingenuity of American farmers and manufacturers. She says this bill would provide incentives that can boost the economy and help the nation secure its energy future. Klobuchar says the measure would not only reduce the nation's dependence on foreign oil but would have a positive economic impact.
The measure is endorsed by several groups including Growth Energy, National Farmers Union and the National Corn Growers Association.
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Tagged: Extension, ethanol, biofuels, National Corn Growers Association, biodiesel
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