Industry praises Bush's reversal on carbon dioxide limits

US oil industry groups last week praised a surprise decision by US President George W. Bush to oppose mandatory controls on carbon dioxide emissions for power plants."We are heartened that he reconsidered the position," Bob Slaughter general counsel of the National Petrochemical and Refiners Association, told OGJ Online. "It was a plan that could have had adverse impacts on energy supplies and transportation fuels."Environmental groups argue Bush broke a campaign promise to treat CO2 as a "pollutant" to be regulated like other utility emissions, such as sulfur and nitrogen oxides. Avoiding regulations on fossil fuels also runs counter to the goals of the 1997 Kyoto Protocol, a United Nati...

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