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"Black Liquor" Tax Credit?? Print E-mail

Bangor Daily News 4/45/09

...In an unexpected twist, paper companies realized they could take advantage of the credit — by mixing diesel fuel into the biomass they were already burning to power their operations, thereby increasing their use of fossil fuel. For decades some paper mills have burned “black liquor,” which is a byproduct of the pulping process, to run their machines.

These companies should not be penalized for using alternative energy, but allowing them to claim billions of dollars worth of tax credits to basically keep operating the way they have for decades perverts the intent of the credits. Worse, adding fossil fuel to biofuel to gain the credit is completely counter to the intent of the legislation....

“Bad economic times are no excuse to cheat,” Sen. John Kerry, D-Mass., said in a statement.

FMI

Jim's comment -Darn, didn't have to save my Allen's Coffee Brandy receipts after all...

 

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