Thursday, August 30, 2012

Ed Rendell's failed "future of Pennsylvania energy" in the news again.

Former Pennsylvania Governor Ed Rendell’s “future of Pennsylvania energy”,  a $270 million ethanol plant in Clearfield, Pennsylvania that was subsidized by the state “with $27 million in grants and loans and by issuing $67 million in tax-free bonds” (Philadelphia Inquirer 8/28/2011), went bankrupt. Pennsylvania Grain Processing, that bought the failed Clearfield ethanol plant at the “fire sale” price of only $9.35 million, is requesting more of Pennsylvania tax payer’s money for the same ethanol plant!
This is happening as Governors, meat producers, environmentalists, global food security advocates, and academics are all calling for waiving the ethanol mandate to stop food insecurity/inflation and environmental destruction.

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