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...Europeans think they have a problem with Washington, the OPEC countries may spring some nasty surprises. After all, for all the talk of win-win solutions in pioneering new technologies in the developing world, the losers in any move to cut back on fossil fuel consumption are inevitably going to be oil-producing countries. Nigeria has demanded financial compensation for oil-producing nations as part of any agreement to cut reliance on their leading export. And we all know how easily they can make their displeasure felt in an industrialized world still mostly dependent on their product...

Author: /time Magazine | Title: Clash Over Global Warming Treaty | 11/20/2000 | See Source »

...improve America's trade balance and reduce our vulnerability to supply constraints and oil price shocks. Also, U.S. industries that produce efficient and clean technologies to meet climate policy goals would be poised to capture a large share of the rapidly growing world markets for these technologies. And cutting fossil fuel use would reduce air pollutants, thereby improving public health and reducing damage to crops, forests, buildings and water resources...

Author: By Gabrielle B. Dreyfus and Maggie Y. Loo, S | Title: Take It To The Hague | 11/14/2000 | See Source »

...elect George W. Bush, that there is a scientific link between global warming and carbon gas emissions. The current talks are being held to meet a deadline for finalizing the 1997 Kyoto treaty, which requires industrialized nations to dramatically reduce emissions from the use of oil, coal and other fossil fuels. Kyoto emerged out of concern that the planet's warming - 1998 was the hottest year on record, and 1999 wasn't far behind - will produce catastrophic climatic effects that will make recent "wild weather" patterns look mild by comparison...

Author: /time Magazine | Title: Why Saving the Planet May Be Too Politically Costly | 11/14/2000 | See Source »

...Kyoto treaty is based upon the assumption that the carbon gases created by the burning of fossil fuels significantly contribute to global warming through the "greenhouse effect" - a layer of vapor and gases that trap the sun's heat in our atmosphere. And that assumption is based on solid science, according to the consensus among mainstream scientists, notwithstanding the protestations of Governor Bush, the petrochemical industry and a minority of scientists...

Author: /time Magazine | Title: Why Saving the Planet May Be Too Politically Costly | 11/14/2000 | See Source »

...nations cut their carbon gas outputs to a level 5 percent below the 1990 figures. And for a booming U.S. economy whose output levels continue to increase every year, that would mean an economically burdensome 20-30 percent reduction in coal-fired electricity, gasoline consumption and other burning of fossil fuel. Europe is far ahead of the U.S. on the road to reducing its carbon gas outputs, but mostly through taxes on gasoline that push the pump price up past $4 a gallon - a scenario almost unthinkable for any U.S. politician contemplating reelection...

Author: /time Magazine | Title: Why Saving the Planet May Be Too Politically Costly | 11/14/2000 | See Source »

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