29 Apr '11, 9pm

Paper Industry Still Getting Renewable Fuel Tax Credits: by Brian McGraw on April 29, 2011 Black liquor is a by-...

Paper Industry Still Getting Renewable Fuel Tax Credits: by Brian McGraw on April 29, 2011 Black liquor is a by-...

Via Steven Mufson at The Washington Post . Black liquor is a by-product of paper production and much of it is burned in house at the paper mills to produce energy. Note that these companies need no incentive to do this as they already have been doing it on their own for quite a long time as its an efficient way for them to produce their own energy. This was an issue in the past, which Congress had theoretically fixed , but as the article notes: Eager to limit the cost to the Treasury — more than $4 billion by the end of fiscal year 2009 — Congress said that black liquor would not qualify for the alternative fuel tax credits after Dec. 31, 2009. And to help cover the cost of the January 2010 health-care law, Congress also barred black liquor from qualifying for the cellulosic biofuel tax credit. But the story didn’t end there. Last year, the IRS said that the provision in t...

Full article: http://www.globalwarming.org/2011/04/29/paper-industry-st...

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