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Dec 19, 2013
A group of democratic U.S. senators wrote a letter to the Senate Finance Committee on Monday, asking for an extension of several clean energy tax incentives that are set to expire by the end of the year.
Included in the tax incentives are credits for biodiesel, renewable diesel and second generation fuels.
The group wrote, “Advanced biofuels continue to hold great promise for reducing pressure on food crops, lowering the cost of biofuels, and reducing harmful pollution. In the past year, commercial scale U.S. biorefineries have come on line and there is clear but fragile momentum in the industry. To help ensure this progress continues, biofuel credits should be extended ensure that production of these fuels continues to scale up while costs are pushed lower.”
The senators emphasize in the letter the clean energy tax incentives are imperative to ensuring the country has access to low-cost energy and to keeping businesses competitive throughout the world.
To read the entire letter, click here.
