In theory true. In reality not true.

While U.S. biofuel use rose from 0.37 to 1.34 EJ/yr over this period, additional carbon uptake on cropland was enough to offset only 37 % of the biofuel-related biogenic CO2emissions. This result falsifies the assumption of a full offset made by LCA and other GHG accounting methods that assume biofuel carbon neutrality. Once estimates from the literature for process emissions and displacement effects including land-use change are considered, the conclusion is that U.S. biofuel use to date is associated with a net increase rather than a net decrease in CO2emissions. study

Not passing judgement on anything, just putting the facts out there that I happen to know :) Biofuel may or may not be a good tool to move toward more sustainability, and it’s certainly better than petrol.