Al Gore Opposes Corn-Based Ethanol Subsidies
By Randall Holcombe • Monday November 22, 2010 2:18 PM PDT • 2 Comments
Al Gore says ”It is not a good policy to have these massive subsidies for first generation ethanol,” and that he originally advocated them because he was running for president and wanted the support of Tennessee farmers. This article gives more details.
Tax credits for ethanol are up for renewal December 31, and Gore now opposes them... and admits he only supported them originally to try to buy political support from farmers. My guess is the farm lobby has more political clout than the world’s most visible environmentalist, and the tax credits will be renewed.