Ag Subcommittee Reviews Renewable Energy Finance Structure
Washington, DC,
March 7, 2007
"While farm based energy production has grown in recent years, I think we can and should do more to increase our use of renewable energy including biofuels," Chairman Holden said. "Today, we heard from the Administration and a wide variety of stakeholders to determine what approach we should take in preparation of the farm bill." "After years of skepticism, the business sector is giving the ethanol industry a second look," added Ranking Member Frank Lucas of The subcommittee heard testimony from nine witnesses. The first panel included U.S. Department of Agriculture Under Secretary for Rural Development Thomas C. Dorr, Assistant Energy Secretary Alexander Karsner, and Pennsylvania Department of Environmental Protection Secretary Kathleen McGinty. The officials answered questions about the status of federal and state programs aimed at spurring investment in domestically-produced renewable energy. The second panel was comprised of six witnesses representing small banks, the farm credit system, venture capitalists, investors and project developers from across The Conservation, Credit, Energy and Research Subcommittee will be one of six House Agriculture subcommittees involved in reauthorization of farm programs in the Farm Bill, including the bill’s energy title. The 2002 Farm Bill was the first farm legislation to contain an energy title and many of the bill’s provisions will expire in September of 2007. The opening statements of all nine witnesses are available on the Committee website, and a full transcript of the hearing will be posted on the Committee website in 4-6 weeks. http://republicans-agriculture.house.gov ### |