Wednesday, March 26, 2014

Algae Barons Want Their Tax Break Back, Too

Biofuel producers snuggling up to Congress to beg for their subsides back
Much like their fellow “green”-energy lobbyists in the wind industry struggling beneath the oh-so-crushing burden of not yet having their egregiously generous production and investment tax credits restored after their expiration at the end of 2013, biofuels enthusiasts are again ramping up their own calls for their restoration of their particular pork-tastic tax credits. Via The Hill:
A coalition of biofuel advocacy organizations sent a letter Monday to the top tax lawmakers in the Senate urging them to renew expired tax credits that helped their industry.
The credits, which incentivized advanced biofuel production and infrastructure, expired Dec. 31, along with a slew of popular tax breaks.
“Advanced biofuel tax credits have allowed the biofuels industry to make great strides in reducing the cost of production and developing first-of-kind technologies to deploy the most innovative fuel in the world,” the groups said in their letter to Senate Finance Committee Chairman Sen. Ron Wyden (D-Ore.) and Ranking Member Orrin Hatch (R-Utah). …
Representatives of the Advanced Ethanol Council, the Advanced Biofuels Association, the Algae Biomass Organization, the Biotechnology Industry Organization, Growth Energy, the National Biodiesel Board and the Renewable Fuels Association signed the letter.
Yep. There is an Algae Biomass Organization, and it too wants its specially interested due.
I've grown algae; and I don't think it's going to be worth the trouble until the price of oil is up somewhere near the price of gold; or at least silver.  Besides, oil and natural gas are just algae that have been processed by Gaea.  Why not let her do all the dirty work?

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