Nestlé, the world's largest food company, says the UN, the US and EU are all wrong on activist-created biofuel targets. As everyone who is not an environmental activist predicted, subsidies for biofuels have led to worse emissions to go along with looming food shortages and price rises.
Under current US laws, 40% of US corn must be used to make biofuels even though droughts have reduced crop yields significantly. So while we keep hearing that current US policy had 'reduced oil imports' they leave out that the emissions are worse because of biofuels. Only fracking has led to reduced CO2 emissions and activists have decided that natural gas extraction causes cancer now.
EU countries also want 20% of their energy supply for transport to come from biofuels in order to reduce carbon emissions, despite evidence it does nothing of the kind.
"[Using biofuels] was well-intentioned at the time, but when you have better information then you have to be coherent," John Vidal in The Guardian quoted Paul Bulcke, chief executive of Nestlé. "You have to know when to say: 'Stop here'. Now we see, too, that the carbon [reduction] element of biofuels is not as clear as it was intended to be."
It was not even well-intentioned. When former Vice-President Al Gore was no longer running for any political office, he admitted his endorsement of biofuels was motivated by the need for farmer votes and had no science basis.
