Wednesday, September 26, 2007

Investments by Canada's New Government to Help Canola Products Yield Greater International Profits

This may be forshadowing a "We told you so" moment.

In Biofuels could increase global warming with laughing gas, says Nobel prize-winning chemist

we said
*Rapeseed biofuel ‘produces more greenhouse gas than oil or petrol’

* The Canadians thought the name presented a marketing challenge, so they changed it to Canola. Now I 'spose they'll have to go with "Happy, Joy, Joy" or some such.

Now we have this press release via Market Wire:

The Honourable Gerry Ritz, Minister of Agriculture and Agri-Food and Minister for the Canadian Wheat Board, today announced $1.47 million to the Canola Council of Canada in support of creating new global marketing opportunities for Canada's canola exporters.

"Canola is Canada's second most valuable crop, after wheat, and looking ahead it will become an even more vital product for our producers and for our economy," said Minister Ritz. "For these reasons, Canada's New Government is proud to make this investment and help our Canadian canola producers yield greater profits by tapping into international opportunities....MORE