(May 8, 2012) Washington – In a speech delivered today to the College of Nanoscale Science and Engineering’s (CNSE) NanoTech Complex in Albany, New York, President Obama detailed the Administration's “To Do List” for creating jobs and helping to restore middle class job security in the recovering economy.

The Advanced Ethanol Council (AEC) issued the following statement:

“The Advanced Ethanol Council applauds President Obama’s ongoing recognition of the importance of clean energy manufacturing to job creation and economic development. The U.S. advanced biofuels industry is ramping up to compete in the $2.5 trillion global clean energy marketplace, and there is no question that with policy certainty, clean energy will be a critical piece of the U.S. economy for decades to come. The President is right to ask for an extension of existing clean energy tax incentives, including those for cellulosic and advanced ethanol technologies, which level the playing field for clean energy investments in the face of decades-old and permanent tax breaks for the fossil fuel industry. The country will not win the race to develop and deploy clean energy technologies if the U.S. tax code continues to favor incumbents over innovators. We look forward to working with the White House and Congress to ensure that America emerges as the world leader in clean energy and biofuel development.”