BP to buy into Brazil Biofuels

Biofuels will help with "energy independence"? What is the definition of "energy independence"? What is the objective of "energy independence"?

Calgary Herald April 25, 2008
Britain's BP took a stake in a big biofuels project and announced $1 billion US in investment jointly with Brazilian partners Thursday, the same day Cosan sealed an $826-million deal with ExxonMobil Corp. "It's a natural trend toward consolidation in the ethanol sector," said Julio Maria Borges, director at Job Economia sugar and ethanol consultants. "In 10 years we'll certainly see Brazil harvesting one billion tonnes of cane with only 20 industrial groups," Borges said.