Note the good news for today.

Jane Turnbull
Peninsula Energy Partners


BP PLANS EMISSIONS CUTS,CLINTON APPLAUDS GOAL
Subject: Wind Energy Weekly
via ENERGY CENTRAL (http://www.energycentral.comcate/ContentsDirect698/seaot.asp)

     British Petroleum (BP), one of the world's largest oil
companies, is continuing its independent ways, with its chairman,
Sir John Browne, saying recently that the global giant would reduce
its greenhouse gas emissions by 10% below 1990 levels by the year 
2010.
          President Clinton praised BP's announcement, saying the
company "is setting a new standard in corporate responsibility" and 
that
  its "bold strategy is further proof that we need not choose
between a healthy economy and a healthy environment." Clinton called
on Congress to support his previously-announced program of tax
incentives and research on energy efficiency and clean energy
technologies. Browne said he believes BP can reach the emissions cut
goal without reducing its growth or its profits, press reports
said--a position that contrasts sharply with the contention of many
companies that the U.S. economy will be seriously damaged if
greenhouse emissions are limited. BP's 10% goal is well beyond the
U.S. pledge to reduce its emissions by 8% below 1990 levels.
          Browne was the first oil industry leader to raise concern
about the industry's role in global climate change, in a speech at
Stanford University in May, 1997 (see WIND ENERGY WEEKLY #752, June
16, 1997).  At that time, he announced a multi-pronged corporate
effort that
  included investment in alternative energy sources and other 
measures.
          Browne said BP units worldwide would seek to lower
greenhouse gas outputs through a mix of energy-efficiency measures,
technology innovation, and trading emissions credits with other
divisions.  The Environmental Defense Fund (EDF) is assisting the
company in developing its emissions trading scheme.
          While climate change has not yet been proven, Browne said,
"[T]here is mounting evidence that the concentration of carbon
dioxide in the atmosphere is rising and the temperature of the
earth's surface is increasing."
        BP's plan calls for the company to cut emissions from the
1990 level of 40 million tons per year to 36 million tons in 2010.
The reductions will be carried out in ways that are independently
verifiable by  outside observers, Brownesaid.

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