Once heralded as the key to kicking America’s foreign oil addiction
by Republicans and Democrats alike, ethanol’s political fortunes have
faded and the industry’s future is unclear amid a growing chorus of
critics.
The industry lost more than $6 billion in annual tax breaks along with a valuable import tariff when Congress declined to renew the subsidies at the end of last year. Several trade groups are now attacking ethanol’s last federal redoubt: The Renewable Fuel Standard (RFS), which mandates oil producers blend a certain amount of ethanol with traditional gasoline.
Read more: http://freebeacon.com/end-of-ethanol/
The industry lost more than $6 billion in annual tax breaks along with a valuable import tariff when Congress declined to renew the subsidies at the end of last year. Several trade groups are now attacking ethanol’s last federal redoubt: The Renewable Fuel Standard (RFS), which mandates oil producers blend a certain amount of ethanol with traditional gasoline.
Read more: http://freebeacon.com/end-of-ethanol/
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