Energy Bill Goes to President

President George W. Bush is expected to sign the Energy Independence and Security Act of 2007 into law on Wednesday, after passage of the Senate bill by a vote of 314 to 100 in the House today.

Renewable Fuels Association President Bob Dinneen praised the House’s action. “Getting an energy bill across the finish line is no small accomplishment and one in which this Congress should take great pride,” said Dinneen in a statement. “By coupling increased renewable fuels use with improved efficiency standards for automobiles, Congress is making a bold statement about the future direction of energy policy in this country. By seizing on the potential that renewable fuels offer to reduce foreign oil dependence and greenhouse gas emissions and provide meaningful economic opportunity across this country, this Congress has put America firmly on a path toward greater energy stability and sustainability.”

Ethanol industry leaders are excited about the potential the bill’s passage creates for future ethanol sources. Jeff Broin, CEO of POET, said, “Passage of this Act will also hasten the development of cellulosic ethanol. An expanded RFS gives confidence to companies like ours who are making a sizable investment in cellulosic ethanol. With the market in place, our industry can do even more to improve the environment, develop rural economies and lessen our country’s dependence on foreign oil.”

President Bush plans to sign the bill into law during a ceremony at the Energy Department Wednesday morning.