WASHINGTON (Reuters) - The Senate voted overwhelmingly on Thursday to eliminate billions of dollars in support for the U.S. ethanol industry, sending a strong message that the era of taxpayer support for biofuels is ending.
The Senate in a 73-27 vote approved an amendment to end the 45-cent-a-gallon subsidy the government gives refiners and the 54-cent-per-gallon tariff on imported ethanol, which would be a boon to a major ethanol-producing country such as Brazil that makes ethanol from sugarcane.
http://www.nytimes.com/reuters/2011/06/16/us/politics/politics-us-usa-senate-ethanol.html?partner=rss&emc=rss
The Senate in a 73-27 vote approved an amendment to end the 45-cent-a-gallon subsidy the government gives refiners and the 54-cent-per-gallon tariff on imported ethanol, which would be a boon to a major ethanol-producing country such as Brazil that makes ethanol from sugarcane.
http://www.nytimes.com/reuters/2011/06/16/us/politics/politics-us-usa-senate-ethanol.html?partner=rss&emc=rss