Canadian Business has reported on the major findings of a recently-released MLI study on the failure of biofuels support programs to yield environmental benefits.

The study, authored by University of Guelph economics professors Douglas Auld and Ross McKitrick, finds that biofuels policies have cost between $3.00 and $3.50 for every dollar returned in benefits to Canadians.

Canadian Business reports, however, that the current political climate in Ottawa makes it unlikely biofuels programs will be brought to a halt anytime soon.

The report, titled “Money to Burn: Assessing the costs and benefits of Canada’s strategy for vehicle biofuels”, is available here.