Between 2008 and 2022, biofuels will have received more than $400 billion in subsidization. This value could more thandouble, to $1 trillion, should we continue to increase biofuels production, as President Obama promised in his presidential campaign bid. Meanwhile, these subsidies are not driving us to sustainable biofuels, and in fact, they support even the most horrendous biofuels, such as corn ethanol.
Biofuels are not a fledgling industry: last fall the biofuel industry celebrated 30 years of subsidization. Yet, the industry continues to receive significant taxpayer funds. Friends of the Earth is working to reform these subsidies so that only the most truly sustainable biofuels benefit from subsidization.