Tuesday, December 27, 2011

30-year-old corn ethanol subsidy nixed by Washington

30-year-old corn ethanol subsidy nixed by Washington

Corn-based ethanol is a controversial fuel in its own right, and a longstanding federal subsidy for blending the biofuel with gasoline has been an additional source of consternation over the last 30 years. According to The Detroit News, Congress has wrapped up its work for 2011 without extending the incentive, a move that's drawn praise from environmental groups and taxpayer advocates.

Autoblog, 30-year-old corn ethanol subsidy nixed by Washington

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