Biofuels - Great Green Hope or Swindle

BROOKLIN, Canada - A raft of new studies reveal European and American multibillion dollar support for biofuels is unsustainable, environmentally destructive and much more about subsidising agri-business corporations than combating global warming.

Not only do most forms of biofuel production do little to reduce greenhouse gas emissions, growing biofuel crops uses up precious water resources, increasing the size and extent of dead zones in the oceans, boosting use of toxic pesticides and deforestation in tropical countries, such studies say.