Ethanol industry may soon lose subsidy
May 17, 2011 by admin
Filed under Green Auto
Filed under: Ethanol, USA
A couple of days ago, U.S. Senators Dianne Feinstein of California and Tom Coburn of Oklahoma introduced the Ethanol Subsidy and Tariff Repeal Act. The bill, amendment #309 to a small business bill, will do away with the Volumetric Ethanol Excise Tax Credit (VEETC) and the tariff on imported ethanol if passed. [...]
Tennessee attorney gets 26-month sentence for defrauding biofuels subsidy program
September 6, 2010 by admin
Filed under Green Auto
Filed under: Biodiesel, Legislation and Policy, Green Daily, USA
67-year-old H. Max Speight, a disbarred Tennessee attorney, has been sentenced by a federal court and will serve a 26-month sentence for defrauding a federal biofuels subsidy program. Though his sentence may be considered harsh, Speight’s partner, William Tacker II, was convicted and sentenced to five years [...]
