The Advanced Ethanol Council (AEC) today warned Senate leaders that an abrupt end to the current ethanol tax incentive known as VEETC would destabilize the current ethanol industry and the progress of new ethanol technologies. 

“Maintaining stability in the ethanol industry, including, but not limited to tax policy, is critical to the development and commercialization of advanced ethanol fuels,” wrote AEC Executive Director Brooke Coleman in a letterto Majority Leader Harry Reid and Minority Leader Mitch McConnell.

In the letter, Coleman expressed disappointment that similar budget concern is not being shown about the billions of taxpayer dollars oil companies receive. “It is unfortunate that in the face of the U.S. ethanol industry’s remarkable progress to date, Senators Coburn and Feinstein want to terminate one of the nation’s most successful renewable energy tax policies, and do so in mid-fiscal year without taking a similar approach to oil subsidies,” Coleman wrote.