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Thursday, March 29, 2007

Ethanol agreement could have unintended consequences

Ethanol agreement could have unintended consequences

By Lillian Rose

Recently in the Brazilian city of Sao Paolo, a new partnership was agreed upon by President George W. Bush of the United States and President Luiz Inacio Lula da Silva of Brazil. The partnership has special focus on cooperations in biofuels.

But like most trade agreements, there are certain dangers ahead. This alliance will have an environmental as well as a social impact. A Brazilian engineer, Expedito Parente, was quoted as saying in a Brazilian newspaper, “We have 80 million hectares in the Amazon that are going to be converted into the Saudi Arabia of biodiesel.”

Read the full news & analysis report from here @ The News & Tribune

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