|
|
|
HJ0076 |
|
LRB093 21862 DRH 49842 r |
|
|
1 |
| HOUSE JOINT RESOLUTION
|
2 |
| WHEREAS, America's increasing dependence on foreign oil |
3 |
| has contributed to rising gasoline prices throughout Illinois |
4 |
| and the nation; and |
5 |
| WHEREAS, Illinois is one of the largest producers of |
6 |
| ethanol, and pending federal legislation could help reduce |
7 |
| gasoline prices by promoting renewable fuels like ethanol; and
|
8 |
| WHEREAS, Numerous economic development and environmental |
9 |
| benefits result from the use of renewable fuels, including |
10 |
| strengthening our agricultural sector by increasing demand for |
11 |
| soybeans and corn, improving net farm income, improving our |
12 |
| rural economies, creating new renewable fuels industry related |
13 |
| jobs, reducing our dependence on foreign oil, improving our |
14 |
| energy security, and reducing greenhouse gas emissions; and |
15 |
|
WHEREAS, National ethanol use under the proposed renewable |
16 |
| fuels standard would roughly double, increasing from |
17 |
| approximately 2.5 billion gallons per year today to 5 billion |
18 |
| gallons by 2012; and |
19 |
|
WHEREAS, The Volumetric Ethanol Excise Tax Credit (VEETC) |
20 |
| would mitigate a serious flaw in the existing alcohol fuels tax |
21 |
| credit, would stop penalizing ethanol usage, and would bring |
22 |
| almost $1.9 billion in additional highway trust fund dollars to |
23 |
| Illinois over a 6-year period, allowing the State to improve |
24 |
| infrastructure and create jobs; and
|
25 |
| WHEREAS, American automakers have the technology today to |
26 |
| achieve far greater improvements in fuel economy, and |
27 |
| increasing the CAFE standard of passenger automobiles to 40 |
28 |
| miles a gallon by 2015 and of non-passenger automobiles to 27.5 |
29 |
| miles a gallon by 2015 would save more than 120 billion gallons |
30 |
| of gasoline and more than 250 million metric tons of carbon |