US Ethanol Industry Gets Too Many Subsidies: Study

Law360, New York (January 9, 2009, 12:00 AM EST) -- The corn-based ethanol industry receives significantly more tax credits and federal subsidies compared to producers of other renewable energy sources struggling to gain market share, according to a report by the Environmental Working Group.

Based on data from the U.S. Department of Energy, corn-based ethanol accounted for three-quarters of the tax benefits and two-thirds of all federal subsidies allotted for renewable energy sources in 2007, a trend that will cost taxpayers more than $5 billion a year by 2010, the nonprofit research organization EWG said in...
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