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Biofuels: A Danger For Latin America
By Mr Ethanol | May 31, 2007
Upside Down World:
Renewable fuels, in particular Biofuels, energy sources derived from agricultural crops have suddenly won the support from the United States.
This is partly due to George Bush’s recent 5-nation tour of Latin America to wedge out unity and push through ethanol accords.
Development funds and corporations hope that Latin America, especially refining sugarcane into fuel in Brazil and soybeans in Argentina, can spur the US’s booming biofuel industry demands.
Corporate experts and financiers held the First Biofuels Congress of the Americas in Buenos Aires this month to promote biofuel production in the region. Former US Vice President Al Gore addressed investors, NGO’s and soy producers at the congress to spearhead renewable fuel production in Argentina.
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