"Oil Independence for a Stronger America Act of 2010" introduced in congress

In Washington, Reps. Jay Inslee (D-Wash.) and Mike Castle (R-Del.) introduced the “Oil Independence for a Stronger America Act of 2010,” which will help the United States achieve energy security goals and create jobs. Proposed legislation would create or extend a diverse array of federal programs necessary to help advanced biofuel producers secure financing for construction of first-of-a-kind projects. Brent Erickson, executive vice president of BIO’s Industrial & Environmental Section, stated, “The United States needs to produce large volumes of advanced biofuels to reduce reliance on foreign oil, enhance both our energy and national security, and jumpstart economic growth. More than 65 planned and operating projects in 30 states are looking to build an advanced biofuels and biobased products industry, which already has begun creating jobs and investment opportunities for industry, rural growers, and research institutions. But, even with the rapid pace of technology development and the demonstrated commitment of Congress and the Obama administration, federal policies to date have fallen short in helping the industry to secure needed capital investment in biorefineries and infrastructure.

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