Pharma Industry
Industry: Email Alert RSS FeedThe Administration's Clear Skies Initiative draws mixed reactions.
Chemical Market Reporter, February, 2002 by Hess, Glenn
INDUSTRY OFFICIALS had mixed reactions last week to President George W. Bush's plan to achieve a 79 percent reduction in power plant emissions of sulfur dioxide, nitrogen oxides and mercury by 2018. Chemical manufacturers and other US businesses said the "Clear Skies Initiative" unveiled by the White House on February 14 contains some favorable proposals, such as market-based incentives to promote cleaner technologies.
But they caution that it could lead to less use of coal to produce electricity, which would increase the cost of power. "We like the fact that [Bush] wants to use market-based programs to reduce emissions in a cost-effective manner. We support that of course," says a spokesman for the American Chemistry Council (ACC). He also...
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