Palm oil greasing the skids out of poverty

By |2012-10-31T16:40:32+00:00August 31st, 2012|Just the Facts Radio|Comments Off on Palm oil greasing the skids out of poverty

[audio\”][/audio] A campaign is growing to pressure food companies and consumers into boycotting palm oil because of its alleged environmental impacts. But according to a new report by the non-profit group, World Growth, palm oil is a highly efficient source of food and fuel, and is a good way to produce fossil fuel alternatives and capture carbon from the atmosphere. Indeed, palm oil now accounts for nearly 1/3 of all the edible vegetable oil produced in the world, and nearly 60% of vegetable oil exports.  Since it is produced in tropical climates and has become a staple food in countries like Malaysia and Indonesia, palm oil could well be greasing the skids for many of the world’s poor to have a path out of grinding poverty.

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