Industry slams Govt biofuel backdown
31 Aug 2012
The Government’s decision to stop subsidising biofuel development and to allow Solid Energy to retreat from the alternative fuels is damaging, the industry says.
Crown-owned coal-miner Solid Energy announced this week that it would exit its Nature’s Flame wood pellet and Biodiesel NZ investments, saying it had to write down $26 million on the subsidiaries.
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Story copyright © Carbon News 2012
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