Author: swiftcurrentonline.com news

The Canadian Renewable Fuels Association fears the country’s biofuels industry will be swamped by heavily subsidized American competition.

Spokesman, Kory Ten-eek, says Canada could wind up importing ethanol from U.S. plants to meet the Conservative government’s commitment to require 5% renewable content in gasoline and diesel fuel by 2010.

To stop that, the Association proposes numerous tax incentives and subsidies, including outright grants for farmers, to ensure the Canadian biofuel industry can compete.

The proposal has won support from the petroleum, farm and auto sectors.