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Texas, and Texas A & M, which gets one-third of the revenue on oil, gas, sulfur, and water from the land, make money in a roundabout, tricky way. Last year $176 million came into Texas's $2.3 billion endowment from the fields, but all the income from the principal of the endowment was spent. W.L. Lobb, who oversees Texas's endowment, says that all endowment income gets spent each year paying off old bond issues the universities have taken out for construction and operations...

Author: By Peter J. Howe, | Title: Busy With Harvard's Billions | 6/7/1984 | See Source »

...carried long distances before falling as rain and snow, there has been little cooperation between those who create the problem and those who suffer its consequences. That is changing. At a meeting in Ottawa last week, representatives of Canada and nine European nations* signed an agreement to reduce the sulfur dioxide that spews forth from industrial plants, a major cause of acid rain, by at least 30% before 1993. The "30% club," as the group was quickly dubbed, hopes to pressure other nations, principally the U.S., to adopt similar controls. Said Canadian Environment Minister Charles Caccia...

Author: /time Magazine | Title: Diplomacy: The 30% Club | 4/2/1984 | See Source »

...point of contention between the U.S. and Canada. In February, the Canadian government sent a stiff letter of protest to Washington, accusing the U.S. of ignoring "principles contained in bilateral treaties directed at protecting the North American environment." The Reagan Administration insists that the huge outlays necessary to reduce sulfur-dioxide emissions significantly in the U.S. cannot be justified without further study. The U.S. last year spent $28.8 million on acid-rain research, and, if Congress approves, that will rise to $55.5 million this year. By contrast, Budget Director David Stockman puts the cost of eliminating acid rain...

Author: /time Magazine | Title: Diplomacy: The 30% Club | 4/2/1984 | See Source »

...President have talked about acid rain in their campaigns. Additional pressure on the White House came last week when six northeastern states-New York, Connecticut, Vermont, Maine, Massachusetts and Rhode Island-brought suit in Federal District Court in Washington to force the EPA to enact tougher restrictions on sulfur-dioxide emissions...

Author: /time Magazine | Title: Diplomacy: The 30% Club | 4/2/1984 | See Source »

...Waxman bill--or something like it--probably provides the best hope for a bipartisan acid rain plan. It wisely minimizes conflict between regions and interest groups by fairly spreading the burden of reducing sulfur-dioxide emissions...

Author: By Daniel P. Oran, | Title: An Acid Reign | 3/8/1984 | See Source »

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