OBAMA ON BIOFUELS — CRITICAL TIME FOR INVESTMENTS

Source: By ALEX GUILLÉN, Politico • Posted: Tuesday, October 7, 2014

It’s a critical time to invest in biofuels, President Barack Obama said Friday at during a visit to Indiana. “We are at the threshold of being able to create new energy sources out of not just crops that we grow — corn and ethanol — but also stuff that we usually throw away, like the corn stalks instead of the corn.  And the more we invest in biofuels, clean energy, that can make a big difference in the rural economy,” Obama said. Biofuels advocates have told the administration that volume requirement cuts in EPA’s 2014 proposed RFS mandates — the final version of which are still under review by the Office of Management and Budget — will drive down investment at a crucial time for advanced biofuels. Obama didn’t mention the RFS specifically in his remarks.

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