FOR IMMEDIATE RELEASE
Press Contact: Monte Shaw
November 14, 2011
IRFA Calls On Gov. Perry to Reconsider 20 More Years of Oil Subsidies
Perry Energy Plan Puts Oil in “Most Favored” Position
JOHNSTON, IA – With presidential candidate Rick Perry returning to Iowa today, the Iowa Renewable Fuels Association (IRFA) called upon the Texas governor to reconsider his plan for energy tax incentives. After the IRFA pointed out that Perry’s energy plan would end ethanol tax credits in less than two months, but allow oil tax subsidies to continue indefinitely, a Perry spokeswoman told Bloomberg News that Perry would “work with Congress to phase” out oil subsidies “over the next 20 years.”*
“How in the world does Governor Perry justify 20 more years of tax subsidies for oil companies?” asked IRFA President Walt Wendland. “The renewable tax credits cease at the end of this year. But despite that some of the oil subsidies go back 100 years, now we’re told that Perry wants to give oil companies another 20 years of subsidies. Given this extreme position, Perry’s talk about not picking winners and losers and having a level playing field is simply hollow rhetoric.”
IRFA has pointed out that Governor Perry’s energy plan favors oil in several ways. In addition to favoring unfair tax benefits for oil, Gov. Perry:
- opposes the federal renewable fuels standard (RFS) but his energy plan would leave intact the “federal petroleum mandate” – mandating that over 95 percent of vehicles on the road be filled with a fuel that is a minimum of 85 percent petroleum;
- is the only candidate for the Republican nomination campaigning in Iowa that has not opposed an effort by Texas Congressmen to ban E15 (15% ethanol blends), a domestic alternative to foreign oil; and,
- laid out 18 specific policy recommendations in his energy plan to promote the production and use of oil and natural gas, but not a single policy recommendation to promote the production and use of renewable fuels.
“Governor Perry’s energy plan puts domestic, renewable fuels at a severe disadvantage to oil, even imported oil,” concluded Wendland. “The Perry energy plan is not good for Iowa’s economy or America’s security.”
Walt Wendland is the CEO of Golden Grain Energy near Mason City, Iowa and Homeland Energy Solutions near Lawler, Iowa. He is currently serving his second term as President of the Iowa Renewable Fuels Association.
The Iowa Renewable Fuels Association was formed in 2002 to represent the state’s liquid renewable fuels industry. The trade group fosters the development and growth of the renewable fuels industry in Iowa through education, promotion, legislation and infrastructure development.
For more information, visit the Iowa Renewable Fuels Association website at: www.IowaRFA.org