Tag Archives: biofuels

BP sucks $600 million from taxpayers on ethanol credits

By Peter Cohn
Congress Daily

Ethanol Credits Have a Major Beneficiary in Big Oil Firms

BP could stand to reap federal tax credits approaching $600 million this year for blending gasoline with corn-based ethanol, making the British oil and gas giant one of the largest beneficiaries of the 45 cents-per-gallon ethanol incentive.

The credit expires Dec. 31, and the House Ways and Means Committee is preparing as early as next month to debate a “green jobs” bill eyed as a vehicle for an extension. Environmentalists are seizing on the generally low esteem the public holds for BP at the moment, with the future of the roughly $5 billion-a-year ethanol credit in the balance.

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The Preamble; Fix it or Nix It?

copyright © 2010 Betsy L. Angert. BeThink.org

At present, oil saturates the Gulf Stream. An official six-month cessation of permits for new drilling did not actually affect the industry or government decisions. Despite Moratorium, Drilling Projects Move Ahead. To explain such an authorization and waiver, the Department of the Interior and the Minerals Management Services Division which regulates drilling, pointed to public statements by Interior Secretary, Ken Salazar. He did not intend to forbid all first cuts in the Earth’s crust. Absolutely not. The Federal Government approved wells off the coast of Louisiana in June. Regardless of the day, or realities that are anathema to our citizenry, little has truly changed. Today, just as in yesteryear, we, the people of the United States of America, in order to form a more perfect Union, polish policies to appear as though our civilization would wish to protect and defend all beings, equally. Continue reading

GM Biofuels: Another Planned Disaster

BUZZ THIS!

By Rady Ananda

Governments around the world have proposed biofuels, liquid fuels derived from plants, fungi or algae, as a solution to today’s energy and environmental crises. But this alternative is as bad as, or worse than, fossil fuels.

Reasons to reject biofuels include:

  • Loss of farmland for fuel land, increasing food prices and world hunger;
  • Deforestation and conversion of prairie to cropland, causing a net increase in greenhouse gases;
  • Increased reliance on eco-destructive pesticides; and
  • Proliferation of dangerous genetically modified crops.

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Obama Backs Public Subsidy of Biofuels despite Eco-trash, Food Shortages

Mexico protest image at bit.ly/aagetM

GMWatch collected these two essays, The Trouble with Biofuel and The Case against Biofuels, noting:

Despite strong evidence that growing food crops to produce “biofuels” is seriously harming both the environment and the world’s poor, the Obama administration is backing big subsidies and programmes that are boosting their use.

The decision by the European Union to obtain 10% of all transport fuels from “biofuels” by 2020 is proving equally disastrous for poor countries – see EU biofuels significantly harming food production in developing countries.

But while “biofuels” are a disaster for the environemnt and the world’s poor, they are a massive shot in the arm for the biotech industry and big agribiz.
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