Bill To Extend Ethanol Tax Credit Reignites Fuel vs. Food Debate

SustainableBusiness.com
03/29/2010 09:48 AM

A bill introduced in the US House last week would extend ethanol tax credits for another five years, to 2015. This tax credit is set to expire on December 31, 2010. If extended, the tax credits will provide the conventional ethanol industry with $30 billion over five years.

The Renewable Fuels Reinvestment Act (RFRA), introduced by Congressman Earl Pomeroy (D-ND) and and John Shimkus (R-IL), has reignited the fuel versus food debate and intesified scrutiny on the EPA's regulations on the environmental impact of corn-based ethanol.

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