According to OOPS - turns out this is according to a study funded by Meat and Livestock Australiagrain-fed beef produces less carbon emissions than grass-fed beef. However, just because grain-fed beef emits less carbon, that doesn't make it necessarily "better" - let alone "environmentally friendly" (it isn't). Here's how the article sums it up:
* Grass-fed cows produce more greenhouse gas than grain-fed.
* Critics point out that the pasture used to raise grass-fed beef offers a carbon sink.
* Experts point out that eating vegetarian is far better from a carbon point of view.