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Congress Extends Incentives for Biodiesel Industry

2013-01-04 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: The Congressional budget deal brokered this week kept tax breaks in place for a variety of industries, but biodiesel got something even better: a retroactive reinstatement of a dollar-a-gallon credit going back to January 2012, when it lapsed. The retroactive portion of the credit, which will run through the end of 2013, represents a benefit to the blenders of about $1 billion. And the $1 per gallon of biodiesel amounts to roughly one-quarter of the fuels current wholesale price. With the credit...

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