Guardian: Nestlé, the world’s largest food company, has added its weight to calls by the UN and development groups for the US and EU to change their biofuel targets because of looming food shortages and price rises.
“We say no food for fuel,” said Paul Bulcke, chief executive of Nestlé, at the end of the World Water Week conference in Sweden. “Agricultural food-based biofuel is an aberration. We say that the EU and US should put money behind the right biofuels.”
Under laws intended to reduce foreign…