Time to hit the wayback machine again.
“Corn and ethanol production and the resulting high prices will impact the world in a much more acute negative way than greenhouse gas emissions and climate change ever will,” Valero Energy Corp Chief Executive Bill Klesse told an oil group last March in San Diego. “All of these programs are just a huge transfer of wealth from our industry to the Midwest farms.”
That was before Valero bought the VeraSun ethanol plants in Minnesota and other states in the Midwest. Today, the company announced it intends to run them at full throttle.
About the blogger
Bob Collins has been with Minnesota Public Radio since 1992, emigrating to Minnesota from Massachusetts. He was senior editor of news in the ’90s, ran MPR’s political unit, created the MPR News regional website, invented the popular Select A Candidate, started several blogs, and every day laments that his Minnesota Fantasy Legislature project never caught on.
NewsCut is a blog featuring observations about the news. It provides a forum for an online discussion and debate about events that might not typically make the front page. NewsCut posts are not news stories.