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 Stories About: biofuels AND business AND energy AND shenanigans
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Author |
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Section |
U-boat sightings
European biodiesel industry being bankrupted by loophole |
biodiversivist |
02 Apr 2008 |
Gristmill |
| They call them U-boats because they pull into a port just long enough to do a U-turn and head off to Europe. They stop just long enough to blend a touch of fuel into the tank so they can claim the government subsidy. Let's say you have a million gallons on board from, say, a palm oil plantation in Indonesia, or a soybean operation in South America. An hour or two after your arrival, your pockets are bulging with just short of a million U.S. taxpayer dollars. From the ... |
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| Topics: agriculture, biofuels, business, economy, energy, fossil fuels, international politics, shenanigans (all these topics) |
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WSJ: Biodiesel's advocates smarter than corn ethanol's
Subsidies contribute to muddying of biodiesel instead of boosting the industry |
Joseph Romm |
01 Apr 2008 |
Gristmill |
| The WSJ reports today: The U.S. taxpayer forks over a $1 subsidy for every gallon of biodiesel that is blended in the U.S. for export later. The idea was to give a nudge to the U.S. biofuel industry. But it is boomeranging, as the Guardian reports today in the latest installment on biodiesel 'splash-and-dash.' ... Increasingly, traders ship biodiesel from Asia or Europe to U.S. ports, where it is blended with a 'splash' of regular diesel, the paper reports. That ... |
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| Topics: biofuels, business, energy, shenanigans (all these topics) |
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