EPRINC: Cap and trade will hurt and help oil industry

08/18/2008
A carbon cap and trade system and other initiatives to curb greenhouse gas (GHG) emissions will hurt the petroleum industry overall but also will create opportunities for some oil companies to cash in, said officials at Energy Policy Research Foundation Inc. (EPRINC), Washington, DC.Political momentum is building in the US for legislative and regulatory action to constrain greenhouse gas (GHG) emissions. “Some actions, such as the mandating of large quantities of ethanol, may have other purposes, but their policy rationale in part is to control GHGs. Others, such as cap and trade, are directly aimed at curbing these gases,” EPRINC reported.The report acknowledged, “Clima...
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