Monday, March 20, 2006

European oil firms endorse California emissions initiative

The Bush administration – as well as American oil companies – may be fighting the concept of fossil fuel conservation, as well as the thought of finite petroleum resources, but apparently, the European companies think differently.

Once seen as nearly monolithic as regards oil pricing and the effects of noxious emissions, the oil industries of America and Europe have some major differences in their approach to conservation, alternative energy, and ultimately, their views on the impact of man’s activates on this planet.

Dutch Shell and British Petroleum (BP markets under the name ARCO in California) have both announced their intentions to sign on to California governor Arnold Schwarzenegger’s fossil fuel auto emissions initiative, part of which is a voluntary registry of greenhouse gas emissions.

While the feds and American oil companies have been fighting tooth and nail to deny responsibility for greenhouse emissions or conform to the basic tenets of the Kyoto Accords, the European petroleum giants have not only endorsed Arnold’s initiative, they have put some serious cash toward the development of alternative energy manufacturing facilities.

California has the lowest permissible emissions quotas in the United States already, and the feds and American companies are deliberately holding back in conforming to the state’s regulations.

More at: “Gov.’s Plan Divides Oil firms,” (LA Times).

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