29 June 2007 20:38 [Source: ICIS news]
Morales said ethanol was a “sinister idea”, citing similar views by Cuban President Fidel Castro.
Brazil President Luiz Inacio Lula da Silva defended biofuels for their social, economic, and environmental potential.
Lula spoke with Chile President Michelle Bachelet about increasing Brazilian investments in Chilean biofuels, according to Brazilian Chancellor Celso Amorim.
“There is interest in increasing Brazilian investments there,” Amorim said.
Earlier this month talks among the G4 group of
“If the [G4] is not dead, it’s hibernating,” Amorim said.
Mercosur is a trade organisation that includes Argentina, Brazil, Paraguay, Uruguay and Venezuela. Associate members include Bolivia, Chile, Colombia, Ecuador and Peru.
(Additional reporting by William Lemos)
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