Brazil’s Biofuel Push Is Threatened by Too Much Cheap Oil

Brazil is positioning itself as a global biofuels ambassador, fighting climate change by spurring demand for ethanol. It will be a tough sell in a world awash with cheap oil.

Brazil is one of the leaders of the Biofuture Platform, a group of 20 nations that also includes the U.S., China and France. The organization was formed at the annual United Nations climate meeting in Morocco last year and plans to present a global strategy to advance the development and use of low-carbon fuels at this year’s meeting in Bonn next month.

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