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ALTERNATIVE FUELS * USA - Federal Biodiesel Tax Credit Ends
A federal tax credit that provided makers of biodiesel $1 for every gallon expired Friday
Washington,DC,USA -The Associated Press/Transport Topics -4 Jan 2010: ... And as a result some U.S. producers say they will shut down without the government subsidy... A one-year extension of the biodiesel tax credit was included in a bill that was approved by the U.S. House recently, but it never made it through the Senate, though lawmakers said the tax-credit would be retroactive if approved... The biodiesel industry is now operating at only 15% of its potential capacity, according to the National Biodiesel Board, largely because the price of traditional diesel has collapsed. There are close to 180 biodiesel plants operating in about 40 states...
Labels: clean alternative fuels
posted by Unknown @ 6:17 AM
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