Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (78071)	3/5/2010 3:53:07 AM
From: Sully-	Read Replies (1) \| Respond to of 90947

Brit study finds biofuels harm environment more than fossil fuels By: Mark Tapscott Editorial Page Editor 03/03/10 3:21 PM EST A British newspaper claims to have reviewed an unreleased government study that found biofuels cause greater harm to the environment than fossil fuels when the full production cycle of both are considered. Ben Webster, The London Times' environmental editor, reports: <<< "The findings show that the Department for Transport’s target for raising the level of biofuel in all fuel sold in Britain will result in millions of acres of forest being logged or burnt down and converted to plantations. The study, likely to force a review of the target, concludes that some of the most commonly-used biofuel crops fail to meet the minimum sustainability standard set by the European Commission. "Under the standard, each litre of biofuel should reduce emissions by at least 35 per cent compared with burning a litre of fossil fuel. Yet the study shows that palm oil increases emissions by 31 per cent because of the carbon released when forest and grassland is turned into plantations. Rape seed and soy also fail to meet the standard." >>> Webster also reports that a separate study conducted for the European Union reached similar conclusions, but has thus far not been made available to the European media or public: The EC has conducted its own research, but is refusing to publish the results. A leaked internal memo from the EC’s agriculture directorate reveals its concern that Europe’s entire biofuels industry, which receives almost £3 billion a year in subsidies, would be jeopardised if indirect changes in land use were included in sustainability standards. A senior official added to the memo in handwriting: “An unguided use of ILUC [indirect land use change] would kill biofuels in the EU.” Like Britain, the U.S. is spending billions of tax dollars to subsidize research and production of biofuels as part of President Obama's green jobs and green energy policies. But these new studies in Europe will cast new doubts on the credibility of biofuel advocates' claims, as well as the political credibility of their political allies like Obama. You can read Webster's complete news report here. Read more at the Washington Examiner: washingtonexaminer.com