People across the world “are being battered by surging food prices that are dragging more people into poverty, fueling political tensions and forcing some to give up eating meat, fruit and even tomatoes,” reports the Associated Press. High food prices are partly the result of “demand for crops to use in biofuels” like ethanol, which the government subsidizes.
Food prices will rise even further if the global warming legislation backed by President Obama passes, since it expands ethanol subsidies that reward big corporations for turning food into fuel. Ethanol subsidies damage the environment by wiping out forests, polluting water supplies, and eroding the soil. By converting food into fuel, they cause famines and food riots in the world’s poorest countries. That fuels Islamic extremism in Afghanistan and the Middle East.
President Obama, the biggest recipient of campaign cash from BP, is using BP’s oil spill to push for a global warming bill that is chock full of corporate welfare and environment-destroying ethanol subsidies. The bill was crafted by lobbyists for big companies like BP: “For years, BP has lobbied for climate change legislation, until recently running around with the U.S. Climate Action Partnership.” BP has a much worse safety and environmental record than most oil companies, which drill safely and avoid oil spills.
Until recently, the Obama administration ignored the pleas of Louisiana’s governor to allow Louisiana to build barrier islands to contain the damage from the oil spill, citing bureaucratic procedures. Yet the Obama administration granted BP a waiver from environmental regulations in April 2009. ABC News reports that the “top recipient of BP-related donations during the 2008 cycle was President Barack Obama himself, who collected $71,000.”
The global warming legislation backed by President Obama would drive jobs overseas, since it would impose a costly cap-and-trade carbon rationing scheme on American industry, while leaving foreign plants operated by multinational corporations unregulated. Companies with plants overseas are lobbying for the global warming legislation, which would give them an advantage over American competitors. The legislation Obama backs may perversely increase pollution by driving industry overseas to places with fewer environmental regulations.