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Another Inconvenient Truth: Biofuels are not the answer to climate or fuel crisis says Oxfam

Another Inconvenient Truth: Biofuels are not the answer to climate or fuel crisis says Oxfam

by freeform | May 11, 2010

‘Policies promoting biofuels are actually helping to accelerate climate change and deepen poverty and hunger, said report author Rob Bailey, Oxfam’s biofuels policy advisor. ‘Thanks to generous subsidies and tax breaks, the fuel value for a crop now exceeds its food value. It is no surprise that, despite bumper crops, grain reserves are at an all-time low.

‘Canada can begin to undo its mistaken policies by rejecting the biofuels legislation now before the Senate, said Robert Fox, executive director of Oxfam Canada. ‘The law would in effect tax poor consumers through higher food prices by subsidizing the conversion of the corn crop into ethanol.

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