SOTU: Bush Wanted Biofuel Cuts

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"SOTU: Bush Wanted Biofuel Cuts"

Bush says: “The best way to break this [oil] addiction is through technology. … We will also fund additional research in cutting-edge methods of producing ethanol, not just from corn but from wood chips, stalks, or switch grass. Our goal is to make this new kind of ethanol practical and competitive within six years.”

FACT — BUSH PUSHED FOR BIOFUELS CUTS IN LATEST BUDGET: In President Bush’s FY06 budget, “the RBS Renewable and Energy Efficiency Grant/Loan Guarantee Program would be scaled back to $10 million from $23 million in FY05, the NRCS Biomass Research and Development Program would be cut by $2 million to $12 million, and the CCC Bioenergy Program would be slashed $40 million from $100 million in FY05 to $60 million in FY06.” [Renewable Energy Access, 2/28/05]

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