Biofuel comprises ethanol and other fuels produced bizarrely from crops or bacteria.
Here's a list of transnationals financially involved in agrofuels:
- Agribusiness: ADM, Cargill, China National Cereals, Oils and Foodstuffs Import & Export Corporation, Noble Group, DuPont, Syngenta, ConAgra, Bunge, Itochu, Marubeni, Louis Dreyfus
- sugar British Sugar, Tate & Lyle, Tereos, Sucden, Cosan, AlcoGroup, EDF & Man, Bajaj Hindusthan, Royal Nedalco
- palm oil IOI, Peter Cremer, Wilmar
- forestry Weyerhauser, Tembec
- Oil: BP, Eni, Shell, Mitsui, Mitsubishi, Repsol, Chevron, Titan, Lukoil, Petrobrás, Total, PetroChina, Bharat Petroleum, PT Medco, Gulf Oil
- Finance: Rabobank, Barclays, Société Générale, Morgan Stanley, Kleiner Perkins Caufield & Byers, Goldman Sachs, Carlyle Group, Kohsla Ventures, George Soros
Source: http://grain.org/seedling_files/seed-07-07-3-en.pdf
No environmental studies on biofuels or agrofuels have taken into account the effects of deforestation or peat destruction.
Source: http://www.biofuelwatch.org/
In Brazil, government officials have wrenched land from the hands of indigineous farmers so they can plant soybeans for use in biofuel.
Source: http://boell-latinoamerica.org/download_pt/Agronegocio_e_biocombustiveis_EN.pdf