The Oilspot
Thursday, February 21, 2002 VOLUME 7 ISSUE 8  


FRONT PAGE



Bush Budget Proposes User Fees to Fund RSPA Programs
DOT Releases List of HazMat Carrier Security Measures
White House Reveals "Clear Skies" Initiative
Rep. Wynn Offers Legislation to Assist Small Business Contracting


SIGMA Partners with 3T, Caliber Consulting


No Strike Impact at Refineries
Total Says No to Conoco
White House Defends Position in Energy Policy Task Force Lawsuit


Va. Below-Cost Selling Bill Dead
Valero: Unocal Patent Rejected by Patent Office
White House Reveals "Clear Skies" Initiative

President Bush on February 14 released the details of his long-awaited plan to reduce power plant emissions of three of the most significant air pollutants. The “Clear Skies” initiative would:
· Cut sulfur dioxide (SO2) emissions by 73%, from current emissions of 11 million tons to a cap of 4.5 million tons in 2010, and 3 million tons in 2018
· Cut emissions of nitrogen oxides (NOx) by 67%, from current emissions of 5 million tons to a cap of 2.1 million tons in 2008, and to 1.7 million tons in 2018; and
· Cut mercury emissions by 69%, resulting in the first-ever national cap on mercury emissions. Emissions will be cut from current emissions of 48 tons to a cap of 26 tons in 2010, and 15 tons in 2018

As expected, the White House plan does not address emissions of carbon dioxide. Senate Democrats, as well as Senator James Jeffords (I-VT), Chairman of the Senate Committee on Environment and Public Works, support a multi-pollutant bill that would reduce of SO2, NOx, mercury, and carbon dioxide.

The White House also revealed that the President is committed to a new strategy to address global climate change, by reducing the rate of greenhouse gas emissions from an estimated 183 metric tons per million dollars of GDP in 2002, to 151 metric tons per million dollars of GDP in 2012.


[PRINTER FRIENDLY VERSION]

WHAT'S YOUR OPINION?

What's your opinion on the subject? To post a letter in response to this story, click Post Letter.

[POST LETTER]
Published by FuelQuest, Inc., in partnership with ILMA
Copyright © 2002 FuelQuest Inc., and the Independent Lubricant Manufacturers Association. All rights reserved.
All Rights Reserved and all of the releases provided are protected by copyright and other applicable laws, treaties, conventions. All reproductions, other than for an individual user's reference, is prohibited without prior written consent. Oilspot.com is a registered trademark of FuelQuest, Inc. FlashPoint is a registered trademark of ILMA, Contact FuelQuest at: (713) 222-5700 Contact ILMA at: (703) 684-5574
Forward to a Friend