The Renewable Fuels Association is not seeking to revive the ethanol blenders tax incentive next year, Jason Plautz of Greenwire reports. The association said in a news release that the federal incentive helped build the industry and "ensure it is stable and successful" so now it is time for it to fade away. Growth Energy CEO Tom Buis told Plautz the industry's focus has shifted to "making sure we have fair, open access to the marketplace so consumers can make the choice."
Without the incentives, consumers could see a slight price increase at the pump, which some distributors believe may hurt their sales, Plautz reports. However, Charles Drevna, president of the National Petrochemical & Refiners Association, which opposes the subsidy, said in a statement: "At a time of high federal deficits, every American taxpayer should welcome the elimination of ethanol subsidies, which wasted $6 billion of taxpayer funds last year." (Read more)
Without the incentives, consumers could see a slight price increase at the pump, which some distributors believe may hurt their sales, Plautz reports. However, Charles Drevna, president of the National Petrochemical & Refiners Association, which opposes the subsidy, said in a statement: "At a time of high federal deficits, every American taxpayer should welcome the elimination of ethanol subsidies, which wasted $6 billion of taxpayer funds last year." (Read more)
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