Update of a previous report on the green power credit that is so far from green. Click the following for the old story: http://boonecountywatchdog.blogspot.com/2009/04/pulp-nonfiction.html
by adding one-tenth of 1 percent of diesel fuel to the black liquor mix, they could qualify for the "alternative fuel mixture credit."
The credit is due to sunset at the end of the year. Snowe and other representatives from papermaking states want it to continue. But last month, ambassadors from Brazil, Chile, Canada and the head of the European commission delegation wrote a letter to Congress, complaining that the tax credit is the equivalent of a subsidy. They say it's disrupting international paper markets and decreasing prices. And they warn that failure to do away with it quickly could spark a trade war.
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