European Union Cries Foul Over US Biofuel Subsidies
May 26th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsThe European Commission is backing a complaint over US biofuel subsidies launched by the European Biodiesel Board.This from the Britain’s The Guardian newspaper:
Washington will be asked this week to answer allegations that subsidies amounting to 11p a litre on B99 [biodiesel with up to 1% petroleum added] exports from the US, plus “splash-and-dash” operations being conducted through the US, represent unfair competition.