W. EUROPEAN REFINERS FACE TOUGH ENVIRONMENTAL RULES

Western Europe's refiners are beginning to grapple with the kind of fundamental changes and huge outlays related to stringent new environmental standards their U.S. counterparts are encountering. Just as the 1990 amendments to the Clean Air Act (CAAA) is transforming the shape of U.S. refining and imposing staggering costs on refiners there, new directives proposed by the European Community Commission threaten the same for western European refiners. And the price tags are

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