NATSO, SIGMA Lobby For Biodiesel Credit Extension

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Post on Nov 12, 2024

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Trucking Industry Champions Biodiesel: NATSO and SIGMA Push for Credit Extension

The trucking industry is a powerhouse, moving goods across the country and keeping our economy humming. But it's also a big contributor to greenhouse gas emissions. That's why many truck stops and fuel retailers are turning to biodiesel, a cleaner-burning fuel made from renewable resources.

But there's a snag. The federal biodiesel tax credit, a key incentive for using this eco-friendly fuel, is set to expire at the end of 2024. And that's got industry leaders worried.

NATSO, the trade association representing the travel plaza and truck stop industry, and SIGMA, the leading voice for the fuel marketing industry, are fighting back. They're calling on Congress to extend the biodiesel tax credit, arguing it's crucial to keep the industry moving forward on its sustainability goals.

Why is the Tax Credit So Important?

The biodiesel tax credit is a powerful incentive for truck stops and fuel retailers to invest in biodiesel. It makes using this cleaner fuel more economically viable, encouraging them to offer it to their customers. Think of it like a little nudge in the right direction.

Without this credit, many truck stops might not be able to offer biodiesel at a competitive price, leaving drivers with fewer choices and potentially hindering the industry's transition to more sustainable fuels.

What's Next?

NATSO and SIGMA are rallying support for the credit extension, lobbying Congress and raising awareness about the critical role biodiesel plays in the trucking industry. They're hoping lawmakers will recognize the importance of this incentive and keep the biodiesel tax credit going strong.

The goal is clear: to ensure that the trucking industry can continue to grow and thrive while making strides towards a greener future.

A Win-Win for Everyone

Extending the biodiesel tax credit isn't just good for the trucking industry, it's good for everyone. It means cleaner air, a healthier environment, and a more sustainable future. It's a win-win situation, helping to drive progress while also ensuring a vibrant trucking industry for years to come.