Tax Update Blog: Permalink
« Previous · Tax Update Blog Home · Next »
ETHANOL TAX CREDITS ARE KILLING THE POLAR BEARS
February 07, 2008
If you are worried about global warming, maybe you want to rethink this ethanol stuff (WSJ $Link):
While the U.S. and others race to expand the use and production of biofuels, a growing body of scientific evidence suggests these gasoline alternatives will actually boost carbon-dioxide levels and thereby aggravate the problem of global warming.A study published in the latest issue of Science finds that corn-based ethanol, instead of reducing greenhouse-gas emissions by a hoped-for 20%, will nearly double the output of CO2 and other gases that trap the sun's heat. A separate paper in Science concludes that the clearing of native habitats around the world to grow more biofuel crops will lead to more carbon emissions, not less.
Oops. Maybe the time has come for clean, safe atomic power!
UPDATE: The Tax Policy Blog has more.
Bookmark: del.icio.us • Digg • reddit
Tax Updates
Subscribe to Tax Updates
The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to
Search Tax Updates
Friends and Neighbors
Economics Nerds
Hard-Core Tax Nerds
Gigablogs
Insurance Folk
Goners
Legislation
Tax Update Data Feeds
Comments
Hey, a lot of times I can't tell when you serious and when you are joking.
Nuclear power simply won't exist in the US without huge government subisdies, such as the Price Anderson Act because, apparently, insurers don't believe the lobbyists. Go figure!
Posted by: Erich Riesenberg | February 8, 2008 12:57 PM
Only I need to know that!
Posted by: Joe Kristan | February 8, 2008 1:17 PM