Word: methanex
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Dates: during 2002-2002
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...more controversial pollutant, it could be resolved in U.S. courts. But the MTBE conflict has exploded into an international fistfight, a test case for globalization and a key issue in President Bush's effort to win new trade-negotiating powers from Congress next month. That's because METHANEX, the Canadian company that makes a key ingredient of MTBE, is challenging California's ban under the 1993 North American Free Trade Agreement. The case has raised doubts about whether a state can protect its drinking water as it sees fit. Do such health regulations amount to a trade barrier...
...Methanex wants U.S. taxpayers to compensate it for $970 million in profits it would lose as a result of a California MTBE phaseout. CEO Pierre Choquette asserts, "We believe the ban of MTBE was politically motivated" to favor the U.S.-made gasoline additive ethanol "and has no scientific merit." The company's director of investor relations, Brad Boyd, says, "California should make sure its underground gas tanks don't leak. That's what would protect the public...