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Poseidon Lost

We thought the sea was infinite and inexhaustible. It is not. Calling for a new vision to save our oceans. Table of Contents | Digital Edition
Guardian Environmental Network

INFOGRAPHIC: The Corn Mob

Often used to help emerging industries grow and prosper, subsidies can be a valuable tool for governments. In 1979, the Carter administration began to subsidize corn ethanol for two reasons: the oil crisis had spurred the search for alternative fuels, and farmers needed new markets to absorb record corn surpluses.

Farmers and ethanol blenders benefit from three different forms of support: tariffs on imported ethanol; the federal renewable fuel standard (RFS), which mandates a rising volume of corn ethanol in gasoline; and, most important, a tax break known as the Volumetric Ethanol Excise Tax Credit, or VEETC.

Subsidies should become unnecessary when an industry is mature, but the lucrative corn ethanol industry has treated them as a permanent entitlement. VEETC -- which cost taxpayers $6 billion last year -- is set to expire at the end of 2011, and an unlikely coalition of opponents, in which greens and social justice activists find themselves aligned with Tea Party loyalists and the fast food industry, is now hoping to kill it for good.

Click on MORE PHOTOS above to see who would benefit from keeping the ethanol subsidy alive and the array of strange bedfellows working to end it.

UPDATE 6/16/2011: The U.S. Senate has voted overwhelming to end the corn ethanol tax credit as part of a larger bill (which must still be approved). Read more from NRDC.

image of lkonkel
Lindsey Konkel is a freelance journalist based in New York City. She has a master's degree in science, health and environmental reporting from NYU, and her work has appeared at Environmental Health News, Discover magazine, Reuters, and elsewhere.
This is a great graphic and shows the breadth of interests affected by VEETC. It would be great if I could link directly to it! Is there a version that is directly linkable?
Here's a short link right to this page, if that's what you're looking for: http://bit.ly/cornmob If you mean that you'd like to embed the image on your own site or blog, I'm afraid we can't do that. The illustration is the copyright of the artist. But we're glad you like it and certainly appreciate it if you want to link to it here. Thanks, Scott