ASA testifies federal policy undermining investor confidence in biodiesel

Biodiesel Magazine June 2009
Posted May 21, 2009

The American Soybean Association (ASA) testified today before the U.S. House of Representatives Small Business Subcommittee on Regulations, Healthcare and Trade on the impacts of outstanding regulatory policy on small biofuels producers and family farmers. Uncertainty over federal policy, such as the extension of the biodiesel tax credit, implementation of the Renewable Fuel Standard (RFS2), and implementation of the U.S. Department of Agriculture’s (USDA) Bioenergy Program is undermining investor confidence in the biodiesel industry.

At the top of ASA’s list of regulatory policy concerns is the Environmental Protection Agency’s (EPA) Notice of Proposed Rulemaking for implementation of the expanded RFS2. This Proposed Rule, released on May 5, includes several very obvious and immediate flaws and concerns.

Read the full story