Canadian Renewable Fuels Association (CRFA)

Canadian Renewable Fuels Association (CRFA)

November 21, 2007 18:28 ET

Reality Check on George Morris Centre Report

OTTAWA, ONTARIO--(Marketwire - Nov. 21, 2007) - Today, the George Morris Centre in Guelph released a so-called "report" on the ethanol industry in Canada.


- The George Morris Centre report did not study ethanol in Canada:

The George Morris Centre report is not a study on Canadian ethanol; it is a study on the meat industry in Canada. The George Morris Centre report has undertaken no new research on ethanol in Canada. It is lobbying for financial assistance for the meat industry which is under threat from a higher dollar and increased energy prices.

- Oil is about to reach $100 a barrel:

We need more energy diversity, not less. In an era of ever increasing fuel
prices and gasoline shortages, biofuels (such as ethanol and biodiesel) are the only alternative in over 100 years to make a significant impact on the global fuel supply. Ethanol, a cleaner burning fuel, is now on track to account for 5% of the world's transport fuel by 2010.

- Canada's biofuels industry is good for rural Canada:

Canada's new biofuels industry will help wheat and canola farmers in the
west, and corn and soy bean farmers in the east. Twenty new world-class
biofuels facilities are expected to create over 14,000 new jobs in rural
communities, and provide a new market for over 200 million bushels of
Canadian grains and oilseeds.

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