Watching the World: Europe Union seeks biofuels

Saudi Arabia’s Oil Minister Ali I. al-Naimi has dismissed the idea of mandating costly alternatives to oil in the name of a cleaner environment, saying such a move could actually impoverish people and lower living standards.“I believe that we should not impoverish people in the name of a cleaner environment,” Al-Naimi told an energy conference last week. “Lowering living standards, or limiting people’s ability to rise out of poverty, in order to improve the environment trades one potential health hazard for another.”That may be, but people around the globe already are looking into mandating the development of alternative fuels-especially in the European...

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