Environmental Capital provides daily news and analysis of the business of the environment. It tracks how growing green concern, particularly over climate change, is roiling established industries and spurring new ones – and how that shift is affecting investors, consumers and the planet.
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Biofuels Battle: Tear Down The Brazilian Wall
Posted on July 02, 2008
Kenneth Rapoza reports from Sao Paulo:Biofuels have few friends lately. But Brazils biofuel industry found a big oneU.S. Senator Richard Lugar.Brazils ethanol lobby Unica is breaking out the fireworks for its Fourth of July pro-sugarcane ethanol campaign called, with a nod to Papa Smurf, Are We There Yet?. Sen. Lugar thinks Brazilian ethanolmade from sugarcane rather than corncould help lower U.S. gasoline prices, which have reached record levels. Unica, not surprisingly, thinks the same, and blames Washingtons $0.54 per gallon tariff on Brazilian ethanol for American pain at the pump.Sen. Lu...
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