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Posted on 10/07/07

Biofuel targets doubted by energy agency

GLOBAL ENERGY REPORTER

OTTAWA -- The International Energy Agency questions the ambitious targets set by governments around the world to use ethanol and other biofuels to reduce oil imports and cut greenhouse gas emissions.In a report released yesterday, the agency said it is maintaining a cautious forecast on the production growth of biofuels, at least compared to some of the more aggressive promises of ethanol promoters.

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