Obama, Romney Address Biodiesel Question from Soybean Group
(American Soybean Association/Biodiesel Magazine) With the national spotlight on the race for the White House, the American Soybean Association reached out to President Barack Obama and former Massachusetts Governor Mitt Romney for each candidate’s points of view on issues critical to soybean farmers. Obama and Romney offered their positions on the farm bill and crop insurance, estate tax, biodiesel, biotechnology, trade, research, regulations, and transportation and infrastructure.
…How would your administration protect the ability of the biodiesel industry to remain viable?”
In response, Obama said, “We must invest in a clean energy economy that will lead to new jobs, new businesses, and reduce our dependence on foreign oil. I recently announced a new goal of cutting oil imports in half by the end of the decade. Developing the next generation of biofuels will help us achieve this goal, and reducing our dependence on foreign oil will help create millions of new jobs that can’t be outsourced. We are already making progress. U.S. biofuel production is at its highest level in history. Last year, rural America produced enough renewable fuels to meet roughly 8 percent of our needs, helping us increase our energy independence to its highest level in 20 years. And a higher renewable fuel standard is boosting an industry that supports 39,000 jobs and ensuring its continued growth.”
Romney’s response to the question about biodiesel was, “I have a plan to achieve North American energy independence by 2020, and biofuels will play a role in enabling us to achieve that goal. I believe that all of our energy resources are and should continue to be a source of long-term competitive advantage for our nation. My policies broadly aim to ensure that all of our energy industries can sustainably become competitive, innovative and efficient. I support biofuels, as well as the RFS, and would seek to eliminate the regulatory barriers to a diversification of our fuel system.”