Things look good for biodiesel in the U.S. Last month, we learned that both the U.S. House and Senate had passed an extension of the $1-per-gallon biodiesel tax credit that lapsed at the end of 2009. Now, the chairman of the House Ways and Means Committee, Sander Levin (D-MI), is saying that his goal is to have a bill reinstating that credit on President Obama's desk by the end of May. The problem, unsurprisingly, is figuring out how to pay for it. Rep. Earl Pomeroy (D-ND) called it was "shameful" that the credit lapsed and that "the hang-up now is that lawmakers have to pay for the bill rather than adding the cost to the budget deficit," writes the Des Moines Register.
[Source: Des Moines Register via Domestic Fuel]