Last update: 09.07.2011
Biofuel policy is causing starvation, says Nestlé boss
Source : independent.co.uk
Soaring food inflation is the result of "immoral" policies in the US which divert crops for use in the production of biofuels instead of food, according to the chairman of one of the world's largest food companies. Peter Brabeck-Letmathe, the chairman of Nestlé, lashed out at the Obama administration for promoting the use of ethanol made from corn, at the expense of hundreds of millions of people struggling to afford everyday basics made from the crop. Mr Brabeck-Letmathe weighed in to the increasingly acrimonious debate over food price inflation to condemn politicians around the world who seem determined to blame financial speculators instead of tackling underlying imbalances in supply and demand. And he reserved especially pointed remarks for US agriculture secretary Tom Vilsack, who he said was making "absolutely flabbergasting" claims for the country's ability to cope with rising domestic and global demand for corn.
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28 March 2011 |
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Articles in the category 'Politics' (119 articles)
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