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