biofuels

Biofuels loophole in 2007 energy bill grandfathers in pollution

A recent report ($ub. req'd) by Greenwire's Ben Geman revealed a massive loophole in the 2007 energy bill that renders meaningless most of the climate safeguards for corn ethanol that Democrats have touted.

The loophole exempts any ethanol refineries that have already been built or were under construction at the time the bill passed from meeting the global warming requirements. Those facilities have a combined production capacity of 13.7 billion gallons, just shy of the 15 billion gallons of production mandated in the bill -- meaning that the Democrat-vaunted greenhouse-gas safeguards will apply to only 11 percent of corn ethanol production.

With recent studies in the journal Science and elsewhere revealing that corn ethanol takes 167 years to produce enough greenhouse-gas savings to make it as green as regular old oil, and with billions of people struggling with skyrocketing food prices, and millions more acres of forest and savanna being destroyed, that means disaster for the climate and the world's poor.

Food vs. fuel edition

“To say that biofuels are the culprit [for food-price hikes] clearly underestimates the demand [for food] and really shows a gross misunderstanding of the world food situation.” — Bill Doyle, CEO Potash Corp, the world’s largest fertilizer company, which has seen its share price rise 600 percent in the past two years, quoted April 24 […]

What’s causing the sudden run-up in food prices?

A lot of people are wondering what the hell is going on with food prices. Rice, dollars per ton Source: Reuters The price of bulk rice on global markets has tripled since the start of the year, school children in some of the world’s poorest nations are losing access to school-lunch programs, and people in […]

Monsanto CEO applies for sainthood

I’m watching the CEO of Monsanto, Hugh Grant, talk about how his company is a boon to sustainability. They’re focused on reducing the footprint of agriculture and feeding the world’s hungry — especially poor African women. Oh, and also they’re dedicated to reducing water use. All the farmers that use their seeds love them, and […]

Worldwide resistance to GMOs dwindle as food bills rise

For a while now, I’ve been cautioning people that surging prices for industrial food don’t necessarily “level the playing field” for sustainably produced fare. In fact, the few giant companies that dominate the global food system are fattening themselves on higher prices, consolidating their grip over the world’s palate. Last week, new Gristmill blogger Anna […]

Private equity firm buys rights to rainforest reserve’s environmental services

This picture of what appears to be an insect with rainbows flying out its butt was taken in Guyana.

There are untold, untapped, unknown chemistries created by millions of years of evolution harbored in what remains of the planet's biodiversity. This is a vast storehouse of information, which would provide humanity with centuries of medicines and other benefits if we can just find ways to preserve it.

We can't let our biodiversity disappear -- one interesting (and gross) example of its importance is in this video I found on YouTube, documenting one of the unending evolutionary struggles between lifeforms. We are also locked in an evolutionary struggle with microbes. Many of today's most important medicines got their start in nature. Penicillin and its derivatives, for example, came from a mold.

Mongabay has a hopeful article about an equity firm betting on the future:

"How can it be that Google's services are worth billions, but those from all the world's rainforests amount to nothing?"

Food vs. fuel debate, German edition

Defending her country’s biofuel mandates in a time of global food crisis, German Chancellor Angela Merkel recently denied that turning food crops into car fuel affects prices. Those looking for reasons behind the recent spike in food prices shouldn’t blame ethanol and biodiesel makers, she argued. Instead, look at how people are eating in the […]

Baltimore baker takes on great quacking menace

Last week, The New York Times' David Streitfeld told the story of one J.R. Paterakis, a Baltimore "baker" who opposes the Conservation Reserve Program, which provides incentives to farmers to set aside their land for wildlife, clean water, and (incidentally) massive carbon sequestration. Seemed like an opportunity to deploy my rye wit.

The program has been a huge success -- protecting 35 million acres of land and partially restoring the "duck factory" of the upper Midwest that fills the skies of North America with quacks and hunting opportunities -- so why has Mr. Paterakis put this great environmental success story in his sights?

With food riots raging, let’s open the books on the finances of Big Ag

When we talk about the crisis in food prices, we should scrape below the surface to explore who's actually benefiting from the crisis.

Unless you've had your head stuck in the freezer at Dean & Deluca, you've heard about the food crisis across the planet.

A recent Financial Times displayed this staggering map of the globe: Black dots marked each of the countries were food riots have been sparked in outrage against the rising prices of food. Thirty dots in all. A recent CNN report noted that "Riots, instability spread as food prices skyrocket." These surging costs, warns World Bank President Robert Zoellick, "could mean 'seven lost years' in the fight against worldwide poverty."

With the food crisis as front page news, I couldn't help but notice which agribusiness company has just reported an 86 percent jump in its quarterly earnings.