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0State-owned Brazilian bank invests $1.777 billion in biofuels 1192820100
The fact that the ethanol industry is heavily subsidized does not come as a surprise for our readers. Take the case of Brazil, where the National Bank for Social and Economy Development (Bndes) is funding the biofuel industry with $1,777 billion US this year, which is 58.4 percent more than in ...
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