27 Dec '11, 3pm

30-year-old corn ethanol subsidy nixed by Washington

is a controversial fuel in its own right, and a long-standing government subsidy for blending the biofuel with gasoline has been an additional source of consternation over the last 30 years. The United States Congress wrapped up its work for 2011 without extending the incentive, a move that's drawn praise from environmental groups and taxpayer advocates. Hand-in-hand with the discontinuation of the tax subsidy, an import tariff on ethanol imported from Brazil has also been cancelled, which opens the tap for a source of ethanol that doesn't have the reputation of being a dirty diversion of a food crop that corn-based ethanol carries. That means that while the blenders' tax credit is no more, the 2007 legislation calling for a significant increase in the use of renewable fuels is likely not going anywhere if the abundant ethanol produced from Brazil's sugarcane economy can b...

Full article: http://www.green.autoblog.com/2011/12/27/30-year-old-corn...

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