Chef command `execute` fail to enter ENV variables

recipe.rb

# Install Gems with bundle install
execute "gitlab-bundle-install" do
  command "bundle install"
  cwd node['gitlab']['app_home']
  user node['gitlab']['user']
  group node['gitlab']['group']
end

===============
Error message
===============

================================================================================

Error executing action `run` on resource 'execute[gitlab-bundle-install]'

================================================================================

Errno::ENOENT
-------------
No such file or directory - bundle install

Resource Declaration:
---------------------
# In /tmp/vagrant-chef-1/chef-solo-2/cookbooks/gitlab/recipes/vagrant.rb

228: # Install Gems with bundle install
229: execute "gitlab-bundle-install" do
230:   command "bundle install"
231:   cwd node['gitlab']['app_home']
232:   user node['gitlab']['user']
233:   group node['gitlab']['group']
234: end

Compiled Resource:
------------------
# Declared in /tmp/vagrant-chef-1/chef-solo-2/cookbooks/gitlab/recipes/vagrant.rb:229:in `from_file'

execute("gitlab-bundle-install") do
  cwd "/vagrant"
  retry_delay 2
  cookbook_name :gitlab
  user "vagrant"
  retries 0
  action "run"
  returns 0
  command "bundle install"
  recipe_name "vagrant"
  group "vagrant"
  backup 5
end

[2012-09-23T07:49:33+02:00] ERROR: Running exception handlers
[2012-09-23T07:49:33+02:00] ERROR: Exception handlers complete
[2012-09-23T07:49:33+02:00] FATAL: Stacktrace dumped to /tmp/vagrant-chef-1/chef-stacktrace.out
[2012-09-23T07:49:33+02:00] FATAL: Errno::ENOENT: execute[gitlab-bundle-install] (gitlab::vagrant line 229) had an error: Errno::ENOENT: No such file or directory - bundle install


===========
Doing it myself works perfectly:

vagrant@lucid32:~$ cd /vagrant/
vagrant@lucid32:/vagrant$ bundle install
Using rake (0.9.2.2) 
Using i18n (0.6.1) 
Using multi_json (1.3.6) 
...