Ethanol
Bloomberg slams U.S. energy law over corn ethanol
11/02/08 23:02 Filed in: Energy
UNITED NATIONS (Reuters) - A new U.S. energy law will cause an increase in global food prices and lead to starvation deaths worldwide because it continues to promote corn ethanol, New York Mayor Michael Bloomberg said on Monday.
"People literally will starve to death in parts of the world, it always happens when food prices go up," Bloomberg told reporters after addressing a U.N. General Assembly debate on climate change.
"I think if America got rid of the importation duty on sugar-based ethanol, that's what would happen and I think the world would benefit from that," Branson told reporters.
Cuban leader Fidel Castro blasted the Bush administration's biofuels policy as "genocidal" in a series of articles last year, saying they threatened to worsen global hunger by pushing up prices for food crops used to make ethanol.
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"People literally will starve to death in parts of the world, it always happens when food prices go up," Bloomberg told reporters after addressing a U.N. General Assembly debate on climate change.
"I think if America got rid of the importation duty on sugar-based ethanol, that's what would happen and I think the world would benefit from that," Branson told reporters.
Cuban leader Fidel Castro blasted the Bush administration's biofuels policy as "genocidal" in a series of articles last year, saying they threatened to worsen global hunger by pushing up prices for food crops used to make ethanol.
Read Full article via Reuters