The G7 group of nations reportedly rejected a proposal from the UK and Germany to lower biofuel production, but the two European nations could still go it alone
Hannibal Hanschke/Reuters/Alamy
To help ease soaring food and fuel prices after the Russian invasion of Ukraine, the UK and Germany called for a temporary reduction in biofuel production at a meeting of the G7 group of nations on Monday. While this was reportedly rejected by the US and Canada, the UK and Germany could still have a big impact if they decide to unilaterally reduce the amount of biofuels they use.
“The UK or …