now he tells us what we told you so all along
Nobel laureate Al Gore said this weekend that tax breaks for corn-based ethanol are ”not good policy” and that he only supported these subsidies in order to assist his eventual run for president.Reuters Africa reported Monday the former Vice President made these comments while speaking to a green energy conference in Athens.
“It is not a good policy to have these massive subsidies for first generation ethanol,” said Gore.
According to the International Energy Industry, such subsidies totaled $7.7 billion last year. Yet Gore now thinks this was a mistake.
“The energy conversion ratios are at best very small. It’s hard once such a program is put in place to deal with the lobbies that keep it going,” he said…