Saturday, January 06, 2007

BioFuel and The Wheat Board

Is there a connection between the Harper announcement promoting bio-fuels and the push to kill the Wheat Board. Why of course there is. Its called Archer Daniels Midland (ADM) who is a shareholder in Agricore the Alberta based Wheat and Barley exchange, and they are the largest processor of bio fuels. They also have Brian Mulroney as a board member. This article is from the U.S. but note the conclusion

Ethanol's roots in ADM lobbying

Grist features the origins of U.S. government subsidies for ethanol fuels and their benefits to Acher Daniels Midland (ADM) and its former CEO Dwayne Andreas (the man who provided the $25,000 for the Watergate 'plumbers'). Includes links to the 1995 Cato Institute study of Carter administration support to ADM, as well as this year's study by the International Institute for Sustainable Development, Biofuels - At What Cost? (Oct. 25, 2006).

The latter estimates federal support for ethanol to total between $5.5 billion and $7.3 billion each year, and the benefits to ADM which (according to the article) contols about 1/3 of the ethanol market.

The article suggests that the federal government could do more to fight greenhouse gases (GHG) if it used the money to buy carbon offsets. Of course, that's not the administration's goal in supporting ADM and ethanol, is it?

How cash and corporate pressure pushed ethanol to the fore | By Tom Philpott | Grist | Main Dish | 06 Dec 2006

Also check out this World May Be Facing Highest Grain Prices in History


Wheat Board


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