3/2/2010 10:00:00 PM
The report, which will be a central topic for discussion at the summit, says there is an “urgent need” to review existing biofuel policies. It says targets to boost the use of biofuels create uncertainty over future oil demand, and so ran the risk of prompting oil-producing countries to cut investments in projects...
The Financial Times reports that today’s biofuels targets risk causing another oil supply crunch in the middle of this decade, according to a key report prepared by The International Energy Forum for the international energy ministers’ meeting in Mexico this month has warned. [More…]
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