The US ethanol industry will seek a subsidy safety net linked to oil prices after the Senate voted heavily to scrap two of the principal supports for the corn-based biofuel, suggesting the subsidies will finish by the end of the year.
The Senate vote to kill two tax breaks for the ethanol industry, with more than half of the chamber's Republicans joining Democrats to approve the measure.
Jack Liu had plenty of time on his hands last weekend as he sat at his stand in the Mexican Oil Congress. ?This is the third year our company has taken a stand at the [oil] congress, but we?ve never raised any business,? said Liu, a manager at Beijing-based LandOcean Energy Services, a high-tech data …Continue reading: "Mexico: China...
Poland avoided the worst of the global economic crisis. But, with figures published on Thursday showing May’s inflation rising to an annual rate of 5 per cent, is the country now at risk of over-heating? Possibly, says the central bank, which has raised interest rates four times this year. Definitely not, says the government. In...
* China warns over South China Sea dispute * Singh aide urges India to end energy subsidies * Brazil to rein in lending by BNDES * IMF warns Russia of reform or recession * Chevron bets on power from $30bn volcanoes in Indonesian rainforest * ENRC ?Soviet-style? control accusation denied * PCCW set to build UK broadband network * China...