Thursday, December 11, 2008

Unrealistic Ethanol Subsidies Should be Dropped in Minnesota

With their darling biofuel project - corn-based ethanol - continuing to prove a disaster, many states are having to reevaluate their commitment and cut back on funding.

Minnesota is one of those states, as Governor Tim Pawlenty will have to make a key decision on how much the state is able to commit to with a projected $5.2 billion budget deficit facing him.

The problem for Minnesota is they hailed the dubious industry as a savior of Minnesota farmers and could face a huge backlash as that assertion and ploy comes back to haunt them.

Last year Minnesota paid out above $15 million to ethanol plants in subsidies, and its going to be hard to justify continuing that in the current economic climate.

All states need to take a hard look at the problem and get rid of this subsidy and misguided effort to produce a biofuel that experts all around say isn't viable and does more harm than good.

1 comment:

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