Ouch! World Bank says biofuels responsible for 75% rise in food prices
The kicker? The report was finished in April but has been kept secret "to avoid embarrassing President George Bush," the Guardian writes. We wouldn't want that, now, would we?
Requiring ethanol and biodiesel in national fuel supplies helped push costs up, but sugarcane ethanol from Brazil did not play as big a role. All the more reason to bring out the second-gen biofuels as soon as feasible. Read more here.
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