Biofuel rush risks gasoline hike, forest damage

Biofuels can both bring down high pump prices and help halt climate change, their supporters hope.

But the result of the global boom in the green fuel additive may just have precisely the opposite effects in the near-term, according to both oil company executives and green campaigners.

The higher cost of the new fuel will end up being passed down to drivers by the oil industry, and the rush to plant more biofuel crops could result in burning swathes of virgin forest cleared for cultivation, speeding up global warming.
AlertNet