API: Climate proposal not equitable

05/19/2009 | NYTimes.com · Oil & Gas Journal

American Petroleum Institute President Jack Gerard criticized lawmakers' most recent attempt to divvy up free carbon permits under a draft cap-and-trade bill, saying that refineries deserve more than the 2% share that is proposed. Gerard said the plan does not achieve a balance among carbon producers and would likely result in lost jobs and increased costs for retail gasoline.

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NYTimes.com · Oil & Gas Journal

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