WASHINGTON - President Barack Obama today announced a series of steps his Administration
is taking as part of its comprehensive strategy to enhance American energy
independence while building a foundation for a new clean energy economy, and
its promise of new industries and millions of jobs.
At a meeting with a bipartisan group of governors from around the country, the
President laid out three measures that will work in concert to boost biofuels
production and reduce our dangerous dependence on foreign oil. The
Environmental Protection Agency (EPA) has finalized a rule to implement the
long-term renewable fuels standard of 36 billion gallons by 2022 established by
Congress. The U.S. Department of Agriculture has proposed a rule on the
Biomass Crop Assistance Program (BCAP) that would provide financing to increase
the conversion of biomass to bioenergy. The President's Biofuels
Interagency Working Group released its first report - Growing America's
Fuel. The report, authored by group co-chairs, Secretaries Vilsack and
Chu, and Administrator Jackson, lays out a strategy to advance the development
and commercialization of a sustainable biofuels industry to meet or exceed the
nation's biofuels targets.
In addition, President Obama announced a Presidential Memorandum (linked below)
creating an Interagency Task Force on Carbon Capture and Storage to develop a
comprehensive and coordinated federal strategy to speed the development and
deployment of clean coal technologies. Our nation's economy will
continue to rely on the availability and affordability of domestic coal for decades
to meet its energy needs, and these advances are necessary to reduce pollution
in the meantime. The President calls for five to ten commercial
demonstration projects to be up and running by 2016.
President Obama said, "Now, I happen to believe that we should pass a
comprehensive energy and climate bill. It will make clean energy the
profitable kind of energy, and the decision by other nations to do this is
already giving their businesses a leg up on developing clean energy jobs and
technologies. But even if you disagree on the threat posed by climate change,
investing in clean energy jobs and businesses is still the right thing to do
for our economy. Reducing our dependence on foreign oil is still the
right thing to do for our security. We can't afford to spin our wheels
while the rest of the world speeds ahead."
"Advancing biomass and biofuel production holds the potential to create
green jobs, which is one of the many ways the Obama Administration is working
to rebuild and revitalize rural America," said Agriculture Secretary Tom
Vilsack. "Facilities that produce renewable fuel from biomass have to be
designed, built and operated. Additionally, BCAP will stimulate biomass
production and that will benefit producers and provide the materials necessary to
generate clean energy and reduce carbon pollution."
"President Obama and this Administration are strongly committed to the
development of carbon capture and storage technology as a key part of the clean
energy economy. We can and should lead the world in this technology and
the jobs it can create," said Energy Secretary Steven Chu.
"The actions President Obama has taken today will create jobs, slash
greenhouse gas emissions and increase our energy security while helping to put
America at the leading edge of the new energy economy," said EPA
Administrator Lisa P. Jackson. "The renewable fuel standards will help
bring new economic opportunity to millions of Americans, particularly in rural
America. EPA is proud to be a part of the President's effort to combat climate
change and put Americans back to work - both through the new renewable fuel
standards and through our co-chairmanship with the Department of Energy of the
Interagency Task Force on Carbon Capture and Storage."