Palm oil can be a cheap biofuel, but when forests are destroyed to make room for palm plantations, its use for augmenting gas and diesel fuel is not necessarily a good thing.
This report in the Telegraph discusses a British requirement for use of biofuels to augment gas and diesel fuel, but that
fuel companies are exploiting a loop hole which means they are not required to disclose the origin of nearly half the biofuel supplied to filling stations in 2009.
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Palm oil is the cheapest fuel to buy and is used by most companies to meet part of their biofuels obligation.
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However, it is also the most damaging to the environment due to the CO2 released when forest is burnt down to create plantations.
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