So how does the American biofuel subsidies work? David Freddoso writes about the “blenders´ credit” that the republican Chuck Grassley invented which provides $1 for each gallon of biodiesel that is mixed with regular diesel. According to WTO rules this must be extended to foreign companies, which has given rise to a phenomena called “splash and dash”:
“It works like this: A foreign tanker carrying 9 million gallons of biodiesel from Brazil or Malaysia sails to an American port. While it waits, 9,000 gallons of American diesel is added — that’s right, a .1 percent blend — so as to earn the blender a $9 million tax credit. The tanker heads to Europe, where diesel cars are far more common and biodiesel is further subsidized.
In some cases, tankers have reportedly made round trips from Europe to the U.S. simply to collect the subsidy. Thus we ´import and ´export´ the same fuel from and to the same country.”
Abril 23, 2008
O fantástico mundo dos subsídios ao biodiesel
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Basta a europa proibir a importanção de BioDiesel adulterado, para esse “subsidio” acabar.
Comentário por Luis Bonifácio — Abril 23, 2008 @ 19:04
Imagino que se consiga detectar uma “contaminação” de 0.1%
Comentário por Miguel — Abril 23, 2008 @ 21:43