WASHINGTON, May 22 (UPI) -- The farm bill passed last week by Congress, and promised a veto this week by President Bush, gives a big boost to the renewable fuels industry.
The bill passed by high majorities, with a vote of 318-106 in the House and 85-15 in the Senate -- enough to override a veto if the majority of policymakers vote the same way again.
Government subsidies and funding for the research and development of alternative fuels will increase by $1 billion if the bill becomes law.
The provisions target cellulosic fuels, made out of non-food crops such as switchgrass or waste materials like corn cobs. In recent weeks, as food prices have skyrocketed, some experts have said increased production of corn-based ethanol is partly to blame. As a result, Congress wants to get cellulosic fuels up and running as soon as possible.
"America's energy solution will be achieved by expanding renewable fuel production and alternative energy through investment in scientific research," said Rep. Nick Lampson, D-Texas, who met with Senate leaders in conference to reconcile the House and Senate versions of the bill. "We need to make sure we are providing incentives and resources to industries that are working to diversify America's energy platform."