Sustainable aviation fuels seem to be the future of air travel, according to industry insiders seeking to reduce the industry’s carbon print. Refiners are on board, just as they are on board with a planned major boost in biofuels production during the Biden administration. Farmers are certainly on board. And the prices of vegetable oils are already rising to multi-year highs, driving up prices of other foodstuffs to the highest since 2014. Reuters’ Naveen Thukral and Gavin Maguire earlier this month wrote that vegetable oil prices have risen to near-record highs since President Biden made clear that a substantial increase in the production of biofuels will be an important part of his energy transition agenda. This, they noted, pushed the UN food index to the highest in seven years. What this means is that food is becoming more expensive for poorer people in developing economies such as India and […]