Friends of the Earth slams alliance between ag and oil industries on biofuel subsidies

In Washington, Friends of the Earth says the Trump administration’s biofuel subsidies are forging an unprecedented alliance between Big Ag and Big Oil that will cost taxpayers over $25 billion while driving increased pollution, according to their new analysis released recently.  

The analysis reveals how changes to the federal biofuel tax credits – particularly the 45Z clean fuel production credit – and the Renewable Fuel Standard are enabling major oil companies to invest billions in biofuels while biofuel producers use subsidized carbon waste to help oil companies extract more fossil fuels.  

Tags: ag, Friends of the Earth, Washington

Category: Fuels