A group of lawmakers want to prevent a wood-to-energy company from reaping millions in taxpayer subsidies after it fell short of its promise to restart two shuttered biomass plants and failed to pay many of the loggers the subsidies were intended to help. The bipartisan effort is the result of a more thoughtful approach to economic development that comes with exacting conditions.

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Topics:  Maine   Penobscot County   Bangor   
BING NEWS:
  • South Korea slashes forest biomass energy subsidies in major policy reform
    In a major policy shift, South Korea announced Dec. 18 that it will end renewable energy subsidies for new biomass projects, as well as for state-owned coal and biomass cofired power plants starting ...
    12/20/2024 - 5:48 am | View Link
  • Indonesian forests put at risk by South Korean and Japanese biomass subsidies
    By Annelise Giseburt Biomass energy subsidies in South Korea and Japan are threatening Southeast Asia’s tropical forests, warns a new report by environmental NGOs. Of particular concern is the nascent ...
    12/12/2024 - 2:22 am | View Link
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