Tax Break For Biofuel Targeted | October 8, 2007 Issue - Vol. 85 Issue 41 | Chemical & Engineering News
Volume 85 Issue 41 | pp. 35-38
Issue Date: October 8, 2007

Tax Break For Biofuel Targeted

Credit for fuel from fat sparks fight on Capitol Hill
Department: Government & Policy | Collection: Economy

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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