Earthtrack in the Media
Biofuel Subsidies Cost U.S. Billions
Biofuel Subsidies Cost U.S. Billions
By Philip Brasher, Des Moines Register
October 26, 2006
America needs to rethink the cost of its appetite for biofuels, according to a European research group.
The Global Subsidies Initiative, based in Geneva, Switzerland, totaled up the cost of all the tax breaks, direct subsidies and other benefits for corn-derived ethanol, and it estimates that the assistance will cost U.S. taxpayers at least $5.1 billion this year.
Rapid Ethanol Expansion Questioned
Rapid Ethanol Expansion Questioned
By Seth Slabaugh of TheStarPress.com (Muncie, IN)
November 25, 2006
The proposed construction of nine ethanol plants in East Central Indiana is happening at a time when the rapidly growing ethanol industry might be headed into a bust period, some experts suggest.