Biofuel Caused Food Crisis: Secret Report

Findings covered up to avoid US embarrassment
By Kevin Spak,  Newser Staff
Posted Jul 4, 2008 3:45 PM CDT
A soybean producer drives a tractor as he prepares to plant in Pulinopolis, Brazil, in this Oct. 16, 2006 file photo.   (AP Photo)
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(Newser) – Biofuel production has been the driving force behind the growing food crisis, pushing prices up 75%, according to a confidential World Bank report obtained by the Guardian. The most detailed research ever conducted on the issue emphatically contradicts the US position that biofuels are responsible for a mere 3% price bump. It hasn’t been published, sources say, for fear of embarrassing President Bush.

"It would put the World Bank in a political hot-spot with the White House," said one source. The biofuel question is particularly hot because the G8 leaders are meeting to discuss it next week. Britain’s own report on the issue will also conclude that plant-based fuels have played a “significant” role in rising food costs.