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Oil refiners to get break under U.S. climate bill
15 May 2009 15:35:21 GMT
Source: Reuters
WASHINGTON, May 15 (Reuters) - Oil refiners would be given 2 percent of greenhouse gas emission permits under a proposed climate change bill that Democrats in the U.S. House of Representatives are writing, according to a document describing that legislation.

The proposal, which could still change in coming days, would also give local natural gas distribution companies 9 percent of the emissions permits. Those companies would have to use the free permits to protect consumers from natural gas price increases, according to the document.

(Reporting by Richard Cowan, editing by Patricia Zengerle)


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Workers rest at a coking factory in Changzhi, Shanxi province May 14, 2009. China urged rich nations on Wednesday to sign up to tougher 2020 targets to cut carbon emissions, as ...



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Last updated:Fri May 15 15:37:00 2009