As governments prepare to sanction a Green Economy at Rio+20, ETC Group provides an update on corporate power and warns that the quest to control biomass will perpetuate the Greed Economy. The world’s largest companies are converging around biomass in anticipation of a post-petrochemical future. That doesn’t mean they’re simply grabbing land and natural resources; they’re also investing in new technology platforms to transform plant-derived sugars (from food and fibre crops, algae, all kinds of plant matter) into industrial products. The gravitational pull of biomass is creating new constellations of corporate convergence across diverse industry sectors.
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