Ethanol is the gift that keeps on giving – but only to corn-growers and opportunistic automakers. For taxpayers, however, it’s a dream that failed and a rat-hole down which our governments keep pouring our tax money. This useless boondoggle must stop.
Last week, CanWest News Service reported on a government memo that says clearly that Ottawa’s costly effort to promote E85 fuel – industry shorthand for 85 per cent ethanol and 15 per cent ordinary gasoline – will do no good.
In fact, we believe the whole push for ethanol – produced mainly from corn in Canada – will bring no actual reductions in total greenhouse gas emissions, but will cost taxpayers $2.2 billion in federal subsidies, plus more from provinces, especially Ontario.