National Corn Growers Association First Vice President Bart Schott released the following statement regarding Senate Majority Leader Harry Reid’s announcement that the Senate will not consider energy legislation before the Senate adjourns this week for its August recess:
“NCGA is disappointed that the Senate will not consider an energy package until at least September. However, we are hopeful this will allow for future discussions on how ethanol can contribute to our nation’s energy policy and our energy security in a broader energy package. NCGA urges Congress to include an extension of the Volumetric Ethanol Excise Tax Credit as they consider energy legislation when they return in the fall.
“The U.S. ethanol industry supports nearly 400,000 Americans across the nation. In the past year alone, ethanol added more than $50 billion to the national Gross Domestic Product and displaced the need for more than 360 million barrels of imported oil, valued at $16 billion. … Continue readingRead More »