Canada is well-positioned to profit both environmentally and economically from a growing biofuel industry, but faces risks in scaling up biofuel production in a way that is sustainable and competitive, warns a new report by Werner Antweiler at the University of B.C.’s Sauder School of Business. While biofuels can play a significant role in decarbonizing transportation, there can be negative environmental impacts and impacts on food production, Antweiler notes in a new report for the C.D. Howe Institute. On the other hand, biofuels could benefit farmers in the prairie provinces with the production of energy crops, like canola, on marginal farmland, foster new biofuel refining businesses, such as the Tidewater Renewables refinery in Prince George, and make significant emissions reductions in transportation. Biofuels can be made from food crops, like corn, animal fats, biological waste, and non-food crops such as wood waste.