Pulp Nonfiction - The Diigo Meta page

• 14 Apr 09
  

  RDRutherford Rutherford
• 12 Apr 09
  

  Eric Crampton

  By adding diesel fuel to the black liquor, paper companies produce a mixture that qualifies for the mixed-fuel tax credit, allowing them to burn "black liquor into gold," as a JPMorgan report put it. It's unclear who first came up with the idea--Wrobleski told me it was "outside consultants"--but at some point last fall IP and Verso, another paper company, formerly a part of IP, began adding diesel to its black liquor and applied to the IRS for the credit. (Verso nabbed $29.7 million at just one of its mills in the final quarter of 2008 for its use of mixed fuel.)

  rent seeking

• 08 Apr 09
  

  d b
  • "Seventy-three percent of the energy we use in our mill system we
    produce," says Ann Wrobleski, IP's vice president for global government
    relations. "We feel like we're the original green industry, if you
    will." (In developed nations, paper is the third-largest industrial
    greenhouse gas emitter, behind the steel and chemical industries.)
• 02 Apr 09
  

  Mike Chelen
  • 2005 Congress
    passed
  • $244 billion transportation bill
  • 3 more annotations...
  • • George W. Bush signed
    • tax credits for alternative fuels such as
      ethanol and biomass
    • also included a fifty-cent-a-gallon credit
      for the use of fuel mixtures that combined "alternative fuel" with a
      "taxable fuel" such as diesel or gasoline

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