http://domesticfuel.com/2007/03/07/rfa-says-yes-and-no-to-brazil-deal/ Alternative Fuel News Tue, 09 Mar 2010 17:59:57 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://domesticfuel.com/2007/03/07/rfa-says-yes-and-no-to-brazil-deal/comment-page-1/#comment-21450 PUREGREENCARS.com - BLOG » Bush ready to sign biofuels deal with Brazil, world’s largest ethanol producer Fri, 09 Mar 2007 16:31:54 +0000 http://domesticfuel.com/?p=1643#comment-21450 [...] Today, the news out of Sao Paolo is that the $8 billion ethanol agreement is officially a go. Even though the 54-cent per gallon tariff that the United States imposes on Brazilian ethanol to subsidize American corn ethanol is not up for discussion, Bush said, the new deal doesn’t please everyone back in America. Two Republican Senators, South Dakota Senator John Thune and Iowa Senator Chuck Grassley, have both spoken out against the deal. The Renewable Fuels Association is saying yes to a global ethanol market, but no to “allowing Brazil to benefit from the U.S. tax credit for ethanol,” according to Domestic Fuel. [...] [...] Today, the news out of Sao Paolo is that the $8 billion ethanol agreement is officially a go. Even though the 54-cent per gallon tariff that the United States imposes on Brazilian ethanol to subsidize American corn ethanol is not up for discussion, Bush said, the new deal doesn’t please everyone back in America. Two Republican Senators, South Dakota Senator John Thune and Iowa Senator Chuck Grassley, have both spoken out against the deal. The Renewable Fuels Association is saying yes to a global ethanol market, but no to “allowing Brazil to benefit from the U.S. tax credit for ethanol,” according to Domestic Fuel. [...]

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