Sunday, April 27, 2008

EU commission investigates link between biofuels and food crisis

In the wake of mounting pressure from international organisations such as the World Bank and the United Nations World Food Programme, European Commission President Barroso has requested a study on whether there is any relationship between the recent skyrocketing of food prices around the world and biofuels.

"I have personally asked for a study on all aspects: the impacts on prices, the impact on agriculture, the impact on development, etc. All the aspects," said the president. He made the comments following a meeting with Belgian Prime Minister Yves Leterme last Wednesday (17 April) but until now they had only been reported by the Belgian press. "We must have the courage to re-examine our biofuels objectives," said Mr Leterme on the margins of the meeting with the commission president.

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