WATCHING WASHINGTON ANOTHER THREAT FOR THE INDUSTRY

With Patrick Crow Although the oil industry has focused on President Clinton's BTU tax in recent months, another administration initiative threatens. On Apr. 21 Clinton pledged to cut U.S. greenhouse gas emissions to their 1990 levels by 2000, complying with goals set by the 1992 Earth Summit in Rio de Janerio. A major greenhouse gas is carbon dioxide, emitted as fossil fuels are burned. The administration plans to present its preliminary plan to an Aug. 16 international meeting on climate

Jul 5th, 1993
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