BP sucks $600 million from taxpayers on ethanol credits http://www.nationaljournal.com/congressdaily/eea_20100702_2355.php

BP could stand to reap federal tax credits approaching $600 million this year for blending gasoline with corn-based ethanol, making the British oil and gas giant one of the largest beneficiaries of the 45 cents-per-gallon ethanol incentive.

The credit expires Dec. 31, and the House Ways and Means Committee is preparing as early as next month to debate a “green jobs” bill eyed as a vehicle for an extension. Environmentalists are seizing on the generally low esteem the public holds for BP at the moment, with the future of the roughly $5 billion-a-year ethanol credit in the balance.