OXFAM AMERICA ETHANOL PETITIONSeptember 19th

WHAT IS ETHANOL? Made from anything with carbohydrates in it.

Along with biodiesel, corn based ethanol is one of the top biofuels in production.

Boosts octane and decreases toxic emissions like carbon monoxide

Lengthens life of the vehicle

RECENT MOVEMENT Subsidy-Financial assistance to a business or

economic sector.

VEETC- Volumetric Ethanol Excise Tax Credit 45-cent a gallon tax credit for gasoline blenders 54-cent a gallon tariff on imports $1.01 a gallon credit to cellulosic ethanol producers 10 cent a gallon small producer tax credit for ethanol

Oxfam relates to HR2307 Ethanol Subsidy Repeal Act

FOR TAX CREDIT Takes away jobs, close 2 out of 5 ethanol plants

operating today

Encourages investment in current and next generation ethanol technologies

By getting rid of VEETC, will prevent next generation biofuels from becoming commercially viable, 1st step corn, next step cellulosic ethanol

AGAINST TAX CREDIT Using tax payer money to “help” oil and ethanol

companies.

Ethanol has been subsidized since the 1970’s should be able to stand alone

Oil imported tariff free but clean energy has a tariff.

Has cost ~20 billion dollars in the last five years

OXFAM’S STANCE

40% of the US corn crop-15% of global corn production

Applies globally

Results in increasing global food prices.

Fifty organizations support the repeal

CELLUOSIC ETHANOL Production of ethanol from lignocellulose

has the advantage of abundant and diverse raw material compared to sources like corn and cane sugars, but requires a greater amount of processing to make the sugar monomers available to the microorganisms that are typically used to produce ethanol by fermentation.