Monday 24 November 2008

Brazil president calls for end to ethanol tariffs

The Associated Press
Published: November 22, 2008

SAO PAULO, Brazil: Brazil's president is calling for an end to tariffs on ethanol.
President Luiz Inacio Lula da Silva says it's hypocritical for countries to insist on slashing greenhouse gases while keeping tariffs on oil low and tariffs on ethanol high.
Brazil is the world's top ethanol exporter, and second-largest producer after the U.S.
Silva says several recent offshore oil finds won't slow Brazil's ethanol output.
Silva's remarks Friday at an international conference on biofuels were posted on the presidency's Web site.