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Bush Administration Signs Biofuels Pact in Brazil
Friday, March 09, 2007

From Fox News. Just an FYI.
GLTA here!
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E-MAIL STORY PRINTER FRIENDLY VERSION
SAO PAULO, Brazil — At a mega fuel depot for tanker trucks, President Bush heralded a new ethanol agreement with Brazil Friday as way to boost alternative fuels production across the Americas.

Demonstrators upset with Bush's visit here worry that the president and his biofuels buddy, Brazilian President Luiz Inacio Lula da Silva, really have visions of an OPEC-like cartel on ethanol.

But Bush and Silva said increasing alternative fuel use will lead to more jobs, a cleaner environment and greater independence from the whims of the oil market.

"It makes sense for us to collaborate for the good of mankind," Bush said at Silva's side, after touring the depot, a maze of tanks and pipelines on the outskirts of the city. "We see the bright and real potential for our citizens being able to use alternative sources of energy that will promote the common good."

The agreement itself was signed Friday morning by Secretary of State Condoleezza Rice and her Brazilian counterpart, White House spokesman Gordon Johndroe announced.