United States Looks Ahead After Ethanol Subsidy Expires
Environmentalists call it a win for taxpayers
After a series of bitter political fights, the US Congress allowed a subsidy for ethanol fuel to expire at the end of 2011, ending a program harshly criticized by environmentalists and others.
By taking no action, US lawmakers ended the credit of 45 cents per gallon refiners get for blending ethanol, which in the US market is made mostly from corn, into gasoline. Also terminated was a tariff on imports of 54 cents per gallon which was criticized by Brazil, a producer of sugar cane-based ethanol.
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