Bush to sign biofuels ethanol pact in Brazil

"SAO PAULO, Brazil - At a mega fuel depot for tanker trucks, President Bush herald a new ethanol agreement with Brazil Friday as way to boost alternative fuels production across the Americas."

"Bush said he wants to work with Brazil, a pioneer in ethanol production for decades, to push the development of alternative fuels in Central America and the Caribbean. He and Silva also want to see standards set in the growing industry to help turn ethanol into an internationally traded commodity."

"In January, Bush called on Congress to require the annual use of 35 billion gallons of ethanol and other alternative fuels such as biodiesel by 2017, a fivefold increase over current requirements."

http://news.yahoo.com/s/ap/20070309/ap_on_...h_latin_america