Hot Air On Global Warming

President Clinton appeared to have lit a time bomb when he promised on Earth Day, Apr. 21, that the U.S. would roll back emissions of carbon dioxide and other gases that may cause global warming--and that he would unveil a plan to do so by early August. Some industry groups braced for the worst: reams of red tape, international regulations, or limits on the use of fossil fuels--the chief culprits in creating the gases. In short, rules that would be costly and hard to implement.

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