Thursday, a measure to eliminate the corn ethanol mandate in the renewable fuel standard was introduced in the Senate. The measure is co sponsored by Senators Tom Coburn of Oklahoma and Diane Feinstein of California. Iowa Renewable Fuels Association Executive Director Monte Shaw says this attack on ethanol was expected and all this bill will accomplish is to boost oil and gas interests.
Senator Coburn says the time to end the corn ethanol mandate has arrived and that the policy has cost taxpayers billions of dollars, increased fuel prices and made food more expensive. Shaw says Coburn represents the oil and gas industry and is not concerned about the American consumer.
Shaw says the other bill Co sponsor Senator Diane Feinstein who support second generation biofuels doesn’t understand that it takes corn based ethanol in order for second generation fuels to move forward.