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WATCHING GOVERNMENT: The benefits of initiative
05/21/2007
Kenneth Irving, chief executive of Irving Oil Ltd. in St. John, NB, has a recommendation for his refining competitors in the US: Don’t resist the push for action on global warming. Embrace it instead-but carefully.He and the company his grandfather started in the 1920s have benefited from promptly investing to produce fuels that respond to environmental concerns, such as low-sulfur gasoline and diesel fuel.“We don’t see a sudden and complete withdrawal of petroleum products from the energy equation. We do see a gradual reduction in their share of overall North American demand,” he said at the Deloitte 2007 Energy Conference May 14 in Washington, DC.This raises a qu...
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