Paper Industry Pushed Further into the Black by ?Black Liquor? Tax Credits

Posted
By: Steven Mufson | The Washington Post

The paper industry - which in 2009 raked in billions of dollars in federal subsidies originally intended to promote alternative highway fuels - is now using a different biofuel tax credit to cut its tax bills for 2010 and beyond by hundreds of millions of dollars more.

The heart of the issue is the tax treatment of a substance called "black liquor," a byproduct of the wood-pulping process at paper mills. The companies have burned black liquor to generate power since the 1930s.

Read full story.































Comments

No comments on this item Please log in to comment by clicking here