In short, the industry is now doomed.
Some here are opposed to it, but I remain convinced that biofuels, even with current production techniques, are a good thing.
The end of the tax advantages granted to biofuels, planned for 2012 in the 2009 draft budget, was confirmed on Wednesday by the Finance Committee of the National Assembly, in full debate on the Grenelle of the environment.
Examining the draft budget, the committee rejected an amendment by the New Center (NC, partner of the UMP) which wanted to preserve "the competitiveness of national sectors compared to subsidized imports".
The end of tax advantages in favor of biofuels "is a mistake", had pleaded earlier to the press the author of the amendment, Charles de Courson.
"We warned the government that an entire industry was going to be threatened," added the deputy for Marne, a department that produces biofuels.
Producers of wheat, corn, sugar beet and oilseed crops (soybeans, sunflowers and rapeseed) had also denounced in late September this government decision to end in 2012 the privileged taxation enjoyed since 2005 biofuels.
This decision "should not have any impact for the consumer", affirms the government in its presentation of the budget.
http://fr.news.yahoo.com/2/20081015/tsc ... ff8aa.html
Buy total shares ...
SixK