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Showing posts with label ethanol. Show all posts
Showing posts with label ethanol. Show all posts

Friday, June 17, 2011

US Senate votes down ethanol subsidies

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Critics say ethanol, made mainly from corn in the United
States, has diverted too much grain from food to fuel
© AFP/File Stan Honda
AFP

WASHINGTON (AFP) - The US Senate voted Thursday to end a $6 billion subsidy for ethanol in a move that appeared largely symbolic but sends a message about the growing unease on support for the biofuel made mostly from corn.

In a 73-27 vote, the Senate approved an amendment to end a 45 cent per gallon credit given for blending ethanol into gasoline and scrap a hefty tariff on ethanol imports.

The outcome for the measure remains uncertain, since the broader bill would need to pass the Senate and the House of Representatives, but lawmakers said a broad coalition supports the move to help curb the massive budget deficit.

Jasper Roberts Consulting - Widget