US, Plan for $1.6 Billion Investment in Biofuels
January 26, 2007| |
Plans were announced this week by the U.S. Department of Agriculture to propose $1.6 billion in new funding for renewable energy, with a focus on cellulosic energy research and production, aimed to support President Bush's goal of reducing gasoline usage by 20 percent in the next ten years.
“It remains a priority across USDA to support the development of biofuels. We will continue to build on current programs and turn the corner on renewable energy,” said Agriculture Secretary Mike Johanns. “With biofuels coming to the forefront, American agriculture faces the greatest opportunity of a generation to lead a future in which we get our energy by the bushel and not by the barrel.”
The news release is available at: http://www.usda.gov/wps/portal/!ut/p/_s.7_0_A/7_0_1OB
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