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2008 Presidential Candidates On The Issues > Ethanol/Renewable Energy
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Ethanol/Renewable Energy
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Position Summary

Sen. Barack Obama-
I am a strong supporter of efforts to reduce our dependence on foreign oil by
promoting the development of renewable energy, including biofuels, solar,
and wind energy. Farmers are on the cutting edge of America’s path to energy
independence. We are already replacing millions of barrels of imported oil
thanks to our successful biofuels program, and I recently established a goal to
have 60 billion gallons of our fuel come from biofuels by 2022. I am a proud
supporter of the Renewable Fuels Standard and tax incentives for biofuels.
I’ll invest $150 billion over the next ten years in our green energy sector,
enhancing farmer profitability, injecting capital into rural economies, and
creating up to 5 million new jobs in the process – jobs that pay well and can’t
be outsourced.

Sen. John McCain-
Our nation’s future security and prosperity depends on the next President
making the hard choices to break our nation’s strategic dependence on
foreign sources of energy and cut off the flow of oil wealth to repressive
dictatorships. I will push our country to make the necessary choices -
producing more power, pushing technology such as flex fuel vehicles (FFVs)
to help free our transportation sector from its use of foreign oil, cleaning up
our air and addressing climate change, and ensuring that Americans have
dependable energy sources. Bio-fuel technologies of all types will play an
important role in supporting this goal. I do not support the current system
of tariffs, subsidies and mandates. Rather, as a country, we must focus on
stimulating end-user demand for renewable energy and creating a consistent
regulatory and tax framework that encourages investment in research,
domestic refining capacity, and distribution systems to promote energy
independence.

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