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Alternative Fuels, Renewable Energy, Biofuels, BIodiesel and Facility Updates

Monday, June 28, 2010

Senate Still Stalling

It’s the start of a new week and still the Senate continues to stall on the one of the most important tax initiatives in the alternative fuel industry. A measure that included a U.S. biodiesel tax credit was held up in the Senate after failing to pass a procedural vote, ICIS News reports. With a 57-41 vote, the Senate voted against ending discussion on the legislation, which had unemployment benefits and the re-installment of a $1 per gallon biodiesel blending tax credit that ended in 2009.

This blatant form of procrastination will send the bill back for more rewriting even though lawmakers had debated the overall package cost for weeks. Many biodiesel producers and marketers are growing frustrated with the delay as it is causing a considerable decline in employment and demand. I keep an open dialogue with many biodiesel business owners and advocates; and there seems to be an overall optimistic view that the tax credit will pass. The agonizing question is how long will it take. It seems as if every month another plant is closing the doors or downsizing personnel.

The waiting game is quickly growing tiresome to biodiesel supporters. I believe I spread a common sentiment when I say its time for senate to develop a sense of urgency with this crucial component of biodiesel expansion.


- Dimitry Greentree

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