Michigan's junior US Senator, Debbie Stabenow, wants to push for an expansion of tax credits on biodiesel fuels. Stabenow is a member of the Senate Finance committee that will be holding hearings on the subject in the next few weeks, at which time she will move for an increase in the incentives to both supply and use biodiesel. She spoke earlier this week at a biodiesel conference at the NextEnergy center in Detroit that was sponsored by DaimlerChrysler.
Unfortunately, it also sounds like she may want to do this through increased farm subsidies. If that happens, much of the money is likely to end up in the corporate coffers of large agri-businesses that are already growing crops like soybeans, instead of promoting new technologies like algae biodiesel and other promising processes.
[Source: Chrysler]
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