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Ecuador's Correa to kickstart biofuels to fight energy crisis

Posted on August 07, 2008

Ecuador's left-wing President Rafael Correa has announced he plans to promote biofuels in Ecuador in order to limit the country's heavy dependence on imported petroleum products, which are draining the Andean nation's treasury and are pushing up inflation.During his weekly address to the nation, Correa said that his administration was reviewing a plan to begin developing biofuels, because Ecuador has a large untapped agricultural potential:Ecuador has the capacity to feed 80 million people and we only have 13 million people. In other words, there is land available to develop the agricultural i...

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