Shell UK head says: Don’t impose more penalties on gasoline, biofuels boost food prices

Shell UK chairman James Smith warned against imposing too many penalties on fossil fuels as a means of addressing emissions and climate change. “Wind farms are expensive, nuclear stations have difficulty dealing with waste, biofuels boost food prices and oil sands produce even higher emissions than oil,” Smith said. “Energy demand is going to continue to accelerate. If lawmakers reject some energy sources, we won’t get anything left.”

In related news, BusinessWeek ran a story on the efforts of major oil companies to undermine demand for E85 by linking the rise in food prices to the increased demand for biofuels.

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