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U.S. lawmakers to propose tax credit for sustainable aviation fuel


U.S. lawmakers to propose tax credit for sustainable aviation fuel
Reuters
1 hr ago
By Stephanie Kelly and David Shepardson
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NEW YORK, May 20 (Reuters) - U.S. lawmakers plan to introduce a bill on Thursday that would create a tax credit for lower-carbon sustainable aviation fuel, which they hope will slash emissions of greenhouse gases from the aviation industry.
The legislation, seen by Reuters, would impose a tax incentive of up to $2.00 for every gallon produced of sustainable aviation fuel, which can be made from feedstocks such as grease, animal fats and plant oils. That price would make it one of the most expensive subsidies for clean fuel. ....

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