Biofuels
France considers big tax hike on key ingredient in Nutella
France is wild about Nutella, the hazelnut-flavored chocolate sauce that’s perfect at any meal. But to make it requires palm oil, and French legislators have an eye on palm oil with a new tax. It’s just the latest in the fat tax movement by governments around the world.
Researcher says rising corn prices could spark global food riots
The United States is the largest producer of one of the most world’s important crops: corn. We use it to feed people, livestock and, when it’s turned into ethanol, cars. But as the country faces the worst drought in more than 50 years, some experts say the U.S. can no longer afford to turn that food into fuel.
Experts say effects of U.S. drought likely to ripple across the globe
The effect of this summer’s drought in the United States may well be felt around the world soon. That’s because the U.S. is the world’s biggest corn exporter. As harvests fall and prices rise, many of world’s poor will feel the squeeze.
