To turn wood chips into ethanol fuel, George W. Bush's Department of Energy in February 2007 announced a $76 million grant to Range Fuels for a cutting-edge refinery. A few months later, the refinery opened in the piney woods of Treutlen County, Ga., as the taxpayers of Georgia piled on another $6 million. In 2008, the ethanol plant was the first beneficiary of the Biorefinery Assistance Program, pocketing a loan for $80 million guaranteed by the U.S. taxpayers.But, think of all the STIMULUS!
Last month, the refinery closed down, having failed to squeeze even a drop of ethanol out of its pine chips.
07 February 2011
You Can LEED A Scheme To Subsidies, But You Can't Make It Work.
Winning the future with another "green-jobs" success story: