API girds for Clinton greenhouse tax battle

The American Petroleum Institute is preparing for a major battle against oil and gas taxes it expects the Clinton administration to propose as part of a campaign to combat purported global warming. Exxon Corp. Chairman Lee Raymond, who also is API chairman, called the issue "the greatest long-term threat to our industry" at the association's annual meeting last week in Washington, D.C. It was attended by 705 persons. API officials said the group's public policy committee agreed the global climate change should top the agenda when API sets its legislative priorities in January. Greenhouse treaty The United Nations Framework Convention on Climate Change, signed in Ri...

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