U.S. biofuel makers want CO2 credits in climate bill

Reuters
Mon Aug 10, 2009 5:34pm EDT

NEW YORK (Reuters) - Makers of biofuels and plastics and chemicals made from crops want U.S. senators to change the climate bill to give them free pollution permits that would be needed to emit greenhouse gases under the legislation.

Companies that make the alternative motor fuel ethanol and plastics from renewable biomass, rather than fossil fuels, have visited Senate offices to urge that 1 percent to 5 percent of the emissions permits in a cap and trade program outlined in the bill be given to the businesses from 2012 to 2050.

Such credits were not included for those industries in the House of Representatives version of the bill passed in June. Democratic leaders hope the full Senate will vote on the legislation in October.

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