The Ethanol Industry’s $6 Billion Christmas Gift

OtherWords

Evidence is mounting that corn ethanol and other basic biofuels are actually worse for the environment than the fossil fuels they’re supposed to replace.

by Marie Brill

Who needs $6 billion? I do! Especially during the holiday season when I try to balance my budget and ever-growing Santa wish lists.   I can also tell you who doesn’t need $6 billion this year: big oil and gas conglomerates. They just got a little extra via the Volumetric Ethanol Excise Tax Credit (VEETC). If you can believe it, this tax credit–one of the best examples of wasteful spending out there–was attached to the tax cut deal President Obama negotiated with Republicans. Continue reading The Ethanol Industry’s $6 Billion Christmas Gift

Carbon Sinking: Is it a matter of the west emitting while Third World sinks?

Africa Files

The author questions the appropriateness and efficiency of the current carbon trading policies and practices. Carbon sinks in the south allow Northerners to gain control of, even own, vast tracts of forest land in the south, and the south may not manage them well. “There should be mechanism put in place for the in-country Carbon sinking. The trees needs to be planted where the Carbon is being emitted rather than asking third World Countries to go for Carbon trading.” Continue reading Carbon Sinking: Is it a matter of the west emitting while Third World sinks?

ZIMBABWE: “Sanctions Are Hurting the Right People”

The new European Union ambassador to Zimbabwe, Aldo Dell Ariccia, insists that EU sanctions on a select group of Zimbabweans does not hurt the country as a whole. Economic historian Tafataona Mahoso’s opinion differs sharply from the EU envoy. “Lives of people have been devalued and pushed back to 1953 levels.”

HARARE, Nov 18 (IPS) – The word “sanctions” was among the first five words mentioned to the new European Union (EU) ambassador to Zimbabwe Aldo Dell Ariccia when he first arrived and met with government officials in Zimbabwe a few months ago. Continue reading ZIMBABWE: “Sanctions Are Hurting the Right People”