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Page added on July 1, 2006

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World Could Face Choice Between Food and Fuel

The – Abrupt climate change may soon force governments to choose between feeding people and fuelling SUVs, a respected investment firm says in a new study.

Toronto-based Sprott Asset Management says global warming is occurring faster than expected and rising demand for so-called green fuel will cut into food supplies.

The investment firm produced a bleak study that also predicts increased regulation and ballooning deficits as governments try to cope with more frequent climate-related disasters while building new infrastructure to reduce carbon emissions. Hyperinflation is seen as a plausible result.

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