10 March 2008 04:00 [Source: ICIS news]
The call was in line with the trade association’s position that viable climate change policy must be based on cost effective solutions that maintain the competitiveness of US refiners.
“We just need to do the proper research so we know what we are getting into in the long run,” NPRA president Charlie Drevna said on the sidelines following a press conference, suggesting that legislators need to do their homework.
The NPRA said that the proposals put forth thus far by Congress amount to all cost and no benefit for the American people.
“A cap and trade plan is basically a tax,” Drevna said.
Any restrictions on carbon emissions will lead to measures such as fuel switching, the NPRA maintained, adding that carbon emissions from producers of ultra-low sulphur diesel (ULSD) have actually increased because of the process used to make the fuel.
“Producers of ULSD are actually emitting more greenhouse gases now,” Koch Industries vice president James Mahoney said.
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