Once touted as an environmental and economic cure-all, corn ethanol has had a rough year. The collapse in grain and oil prices, preceded by overinvestment in refineries over the past few years, badly hurt ethanol producers. Meanwhile, environmentalists have steadily chipped away at ethanol's green credentials. Far from being better for the planet than gasoline, many scientists now argue that ethanol actually has a sizable carbon footprint, because when farmers in the U.S. use their land to grow corn for fuel rather than food, farmers in the developing world end up cutting down more forests to pick up the slack.
http://www.time.com/time/health/article/0,8599,1896813,00.html?xid=newsletter-daily
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