Al Gore admits corn ethanol a big mistake; will Mark Udall, Michael Bennet vote accordingly?
Some $7 billion in wasted corn ethanol subsidies will expire Dec. 31, and one of the chief supporters of those subsidies, Al Gore, says those subsidies are a huge mistake that will be politically difficult to fix. Because there are corn ethanol plants in Colorado, its Congressional delegation has voted to impose ethanol subsidies and taxes on voters and force drivers to buy gasoline that is 10% ethanol. This reduces milelage by 12% to 15%. Will Senators Mark Udall, Michael Bennet and the rest of the state's delegation do the fiscally and ethically responsible thing and vote against extending the subsidies and forcing drivers to buy ethanol? Don't bet your farm on it. LINK: U.S. corn ethanol was not a good policy—Gore, by Gerard Wynn.
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