Studies examining the impact of a clean fuels economy in Oregon suggest that renewing the Clean Fuels Program could benefit Oregonians to the tune of more than 29,000 jobs and up to $1.6 billion in fuel cost savings.
But it’s not just Oregon’s positive forecast. California, which passed its own version of the Clean Fuels Program a number of years back, has just received a review of the economic benefits that the state has already seen in just the first few, short years of the program:
On Thursday, the Fuels America Coalition released an analysis of the economic footprint of the sector that includes biodiesel and ethanol. It came just days after the Western States Petroleum Association released a study of its contributions to the California economy.
The Fuels America study says that in California, the renewable fuels industry:
- Generates $12.7 billion in economic output annually
- Supports 59,665 jobs and $3.7 billion in wages
- Generates $467.6 million per year in state tax revenue
… And L.A.-based biodiesel marketer Joe Gershen says the renewable fuels sector is growing. At least 10 factories in California produce biofuels, including plants in Coachella, Bakersfield and San Diego, with more on the way.
Read more via Southern California Public Radio.