Time was when biofuels, including corn-based ethanol, had no stauncher supporter than Richard Branson, the U.K. airline and entertainment magnate.

Now, according to the BBC, he "regrets his investments in biofuels on economic and environmental grounds." In the above video, the billionaire deplores the lameness of corn ethanol.

For the record, I think he’s being naive by suggesting that sugar plantations in Africa represent some sort of panacea compared to U.S. cornfields. Still, at least he’s seeing the light on corn ethanol.