Issue Date: October 8, 2007
Tax Break For Biofuel Targeted
AN ATTEMPT BY some members of Congress to repeal the expansion of a federal tax incentive for producing alternative energy is threatening a joint venture announced in April by ConocoPhillips and Tyson Foods. The companies intend to produce "renewable" diesel fuel from animal fat such as beef tallow and pork lard. But without the tax credit, they argue, the process is not economically viable in the U.S.
A group of mostly Democratic House . . .
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