Reuters: The French government said on Friday it will phase out tax breaks for biofuels by 2012, arguing that higher oil and grain prices have removed the need for fiscal support. In its draft 2009 budget, the government said it will remove in stages from January reductions given to biodiesel and ethanol on France’s national fuel tax (TIPP). “The cost price of biofuels is no longer structurally disconnected from those of standard fuels,” the government said, stressing that crude oil …