On Tuesday, July 25, 2017, the Environment and Energy Subcommittees of the U.S. House of Representatives Committee on Science, Space and Technology held a joint hearing entitled, "Examining Advancements in Biofuels: Balancing Federal Research and Market Innovation." This post is the statement I delivered at the hearing.
I wish to thank the chairs, ranking members and other members of the Committee and Subcommittees for the opportunity to testify.
The question being addressed today, that of the right balance between fundamental scientific research and government intervention in the marketplace, is crucially important. The focus on biofuels is telling because it involves so many aspects of the question. Indeed, federal biofuels policy provides a morality tale of how things go wrong when the right balance is not maintained.
Before delving into the problems, however, I want to emphasize the importance of maintaining a robust federal investment in research across all fields of study. Funding for science is crucial to maintain American leadership and foster the innovation that leads to high-quality job growth. Federal support for university research is especially crucial for training a new generation of Americans who can fill those jobs.