[Newsbot]

Title: Ottawa plans $1-billion boost for forestry
Category: Business
Posted By: RUEZ
Date: 2009-06-11 00:05:11
Canadian

[ridenrain]

late but better than nothing.

[Canadian_Mind]

What I don't get is how the US can subsidise their industry, but we can't because we fear they'll take action against us.

[herbie]

Well you will be disgusted to know it's via an environmental 'black liquor' benefit. The US has a new credit where if you mix bio-fuel with oil fuels you can earn a huge tax credit.
Pulp mills generate 'black liquor' which is a bio-fuel they can burn to recover heat, and over the last decades many have done so. Great idea, they save money and it's better for the environment than disposing it was.
So in a true perversion of environmentalism the pulp mills now dump diesel into the black liquor, and are allowed to claim these huge breaks by using fossil fuel they didn't use before!
Of course being the USA where 90% of the population believes companies deserve more "rights" than citizens, and anything else is the socialist bogeyman, no one has the balls to call bullshit on this practice.

[kenmore]

Funny how when they are going down the political toilet they start spending talk.. prob is they never release it.. boot them out!