Green big business

Dem wins good news for ethanol industry 0

Not all investors, CEOs, and lobbyists were sad to see the GOP lose on Tuesday. From Bloomberg:

Shares of Archer Daniels Midland Co. and VeraSun Energy Corp., the two biggest U.S. ethanol producers, soared on speculation that Democratic control of the U.S. House of Representatives will boost demand ...

"A Democrat-led House is likely to amount to a political net plus for the ethanol industry," Stanford Group Co. analyst Mark McMinimy wrote today in a report to clients. "The political climate for ethanol in the Congress will shift from an environment that was already favorable to one that is promising for ethanol-friendly legislation over the coming two years."

Christina Larson is a contributing editor at Foreign Policy magazine and a Schwartz fellow at the New America Foundation. Her reporting has brought her throughout China, as well Southeast Asia, and her writing has appeared in The New York Times, International Herald Tribune, The New Republic, The Washington Monthly, and Yale Environment 360 among other publications.

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