Food crisis provides opening for array of ethanol opponents
Strange bedfellows: Ethanol creates coalition of disparate foes and confusion for industry
CNNMoney.com
May 08, 2008: 02:13 PM EST
NEW YORK (Associated Press) - The global rise in food prices is giving political ammunition to opponents of the country's ethanol policy and creating some uncertainty for the burgeoning and heavily subsidized biofuels industry.
An informal coalition of oil refiners, environmentalists and food processors is trying to convince lawmakers that increased output of the alternative fuel is inflating food costs by siphoning off corn otherwise fed to livestock and discouraging U.S. farmers from planting wheat, soybeans and other crops.
Read the full story
No comments:
Post a Comment