Wednesday, January 28, 2009

Biofuel firms hope for share of stimulus cash

The Houston Chronicle reports:

If things go as Houston Rep. Gene Green hopes, the area’s biofuel producers would qualify for some of the $8 billion in federal loan guarantees contained in the proposed $825 billion economic stimulus package facing House action on Wednesday. The White House-backed loan guarantees for renewable energy production are part of a broad effort by the Obama administration to expand alternative energy sources, But the bill does not contain incentives for the biofuels producers in Houston. Green, D-Houston, told the Chronicle that the area’s facilities could qualify for some of the loan guarantees if Congress broadens the definition of alternative energy production.

They are all lining up at the trough.

1 comment:

Bluegrass Pundit said...

Stimulus bill moves us closer to nationalized health care and rationing

The House of Representatives approved an $819 billion economic stimulus package Wednesday. The party line vote was a blow to Barack Obama's alleged desire for bipartisanship. All the Republicans and 11 democrats voted against the bill. One thing in the bill that went mostly unnoticed was a new bureaucracy called the Federal Coordinating Council for Comparative Effectiveness Research.