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But despite all the condemnations and harsh language, there was little actual bite behind the rhetoric at the E.U. summit. Officials failed to agree on concrete measures to limit bonuses, admitting that many of their recommendations were virtually unenforceable. Sarkozy, who has threatened to walk out of the G-20...
Hardly. What has them worried are all the pro-industry rule tweaks and what they see as slanted calculations. "Automakers lobbied hard to include loopholes in the Administration's proposal," says Dan Becker, director of the Safe Climate Campaign at the Center for Auto Safety.
Critics of the proposal also point to phantom savings. Becker says the new rules perpetuate the flex-fuel credit that allows carmakers to build more gas guzzlers than the regulation might otherwise allow, provided the vehicles can run on E85, a mixture that is 85% ethanol and 15% gasoline. The...
Another perceived soft spot in the White House proposal: carmakers will get carbon credits for selling their most efficient vehicles into California and other states that had adopted separate standards before the Obama Administration moved to harmonize an expanding patchwork of state and federal rules. The proposed solution results in...
8 | Brussels No Fishing The European Commission is backing a proposal to ban the international sale of Atlantic bluefin tuna, a Mediterranean species depleted by decades of overfishing. An estimated 90% of Europe's bluefin tuna is exported to Japan, where voracious sushi consumption has driven the fish's population...