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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: Karen Lawrence who wrote (16793)	5/12/2005 9:44:08 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 361346

Kyoto-style’ approach for oil supplies Thursday 12 May 2005 The creation of an international agreement to safeguard the world’s fast-depleting oil supplies will be one of the key proposals at a major conference later this month, it has been announced. The two-day conference at the Gulbenkian Foundation in Lisbon will involve over 300 government and industry representatives, including former UK Environment Minister Michael Meacher MP. Based along similar lines to the Kyoto Protocol on Climate Change, the proposed ‘Oil Depletion Protocol’ would aim to encourage major consumers to use less oil and develop viable alternatives, whilst helping less affluent nations to meet their oil requirements. “Huge adjustments will have to be made to improve energy efficiency and bring in renewable sources as world oil production inevitably begins to decline, possibly within the next few years,” commented Colin Campbell, a Board member of the London-based Oil Depletion Analysis Centre. “To prevent an incoherent, destructive global free-for-all for the world’s remaining oil, we need a managed approach through international agreement. The alternative is ever-soaring oil prices with destabilising effects on the world economy, which clearly would be in no one’s interest,” added Mr Campbell. View the draft of the Oil Depletion Protocol click here greenconsumerguide.com