Ethanol, energy and profits
Ethanol, energy and profits
March 24, 2007, Author: David Kennell
Brazil leads the world with “hundreds of miles” of sugarcane plantations, much of it derived by decimation of vast areas of the large Amazon rainforest basin, critical for life on the planet. Eight of 10 new Brazilian cars are fueled by ethanol. Brazilian media billed Bush’s meeting with President Lula da Silva as a bid to create a new “OPEC of ethanol.”
However, analysts point to a major problem for the Brazil-U.S. relationship: a 54 cent U.S. tariff per gallon on Brazilian ethanol. Since corn is the major U.S. plant source for ethanol, the tariff is to protect the U.S. agrichemical industry (free trade indeed).
Read more on this interesting viewpoint from this report @ People's Weekly World
March 24, 2007, Author: David Kennell
Brazil leads the world with “hundreds of miles” of sugarcane plantations, much of it derived by decimation of vast areas of the large Amazon rainforest basin, critical for life on the planet. Eight of 10 new Brazilian cars are fueled by ethanol. Brazilian media billed Bush’s meeting with President Lula da Silva as a bid to create a new “OPEC of ethanol.”
However, analysts point to a major problem for the Brazil-U.S. relationship: a 54 cent U.S. tariff per gallon on Brazilian ethanol. Since corn is the major U.S. plant source for ethanol, the tariff is to protect the U.S. agrichemical industry (free trade indeed).
Read more on this interesting viewpoint from this report @ People's Weekly World
Labels: economics, environment, ethanol
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