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I’ll admit that I’m not a Nascar fan, and I only watch horse racing during the Triple Crown (usually only the first two legs). But I am a big baseball fan and I still don’t think that my taxpayer dollars should be used to subsidize the building of fancy new stadiums, any more than they should be used to support race tracks or race horses. But what really disturbs me is that, with almost no scrutiny, my taxpayer dollars and yours might end up contributing to tropical deforestation and climate change.
Suddenly over the last few days, I've been noticing lots of TV and radio ads plugging the benefits of biodiesel. Why now? I thought. Then I remembered. The $1/gallon tax credit for blending biodiesel with regular diesel expired at the end of last year.
Of the many outcomes in the FY2014 Omnibus Appropriations legislation, one that stood out was buried in section 7081. This provision now allows the Overseas Private Investment Corporation (OPIC) to invest in fossil fuel power projects in IDA and IDA-blend countries. In other words, OPIC’s carbon cap has been lifted at least until the end of September.