Environmental Capital provides daily news and analysis of the business of the environment. It tracks how growing green concern, particularly over climate change, is roiling established industries and spurring new ones – and how that shift is affecting investors, consumers and the planet.
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Ethanol: The Battle Continues
Posted on July 14, 2008
Kenneth Rapoza reports from Sao Paulo:The U.S. Renewable Fuels Association sent an after-hours letter to President Bush late Friday warning him not to heel to pressure from Senators, the Federal Reserve of St. Louis, and U.S. food corporations like Tyson Foods who are calling for an end to the $0.54 per gallon import tax on Brazilian ethanol the archrival to U.S. ethanol makers. The letter can't be viewed on the site, due to a downed link, but one thing is clear the renewable-fuels lobby is taking a beating on corn ethanol.Ethanol already is a culprit in the food-versus-fuel polemic, and ...
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