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Approved-By:  Marty Bernard <[log in to unmask]>
Message-ID:  <[log in to unmask]>
Date:         Thu, 2 Mar 2000 08:06:29 -0800
Reply-To: Sierra Club Forum on Transportation Issues
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Sender: Sierra Club Forum on Transportation Issues
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From: Marty Bernard <[log in to unmask]>
Subject:      Fwd: Texaco Exits Global Climate Coalition
To: [log in to unmask]

TEXACO EXITS COALITION OPPOSED TO LIMITING
GLOBAL WARMING

WHITE PLAINS, New York, March 1, 2000
(ENS) - Texaco has become the
first major U.S. oil company to abandon
the Global Climate Coalition, a group of
large manufacturers, oil and mining
companies that oppose the Kyoto Protocol.
This international agreement was
negotiated in Kyoto, Japan in December 1997
with the intent of slowing global warming.
Eighty four countries, including the
U.S., have now signed the agreement, which
calls for a reduction in emissions of
heat trapping greenhouse gases, including
CO2, methane, nitrous oxide and
three halocarbons used as substitutes for
ozone damaging chlorofluorocarbons.
The announcement comes after years of
dialogue between Texaco and religious
shareholders with the Interfaith Center on
Corporate Responsibility, who urged
the company to take a more responsible
stance on global warming. In a letter to
shareholder Harry Van Buren of the
Protestant Episcopal Church, Texaco
Secretary Michael Rudy said, "Our
withdrawal from the GCC is based on our
belief that Texaco can and should speak
for itself or through broader-based
organizations on the important subject of
climate change."

Other companies that have left the
coalition include Ford Motor Company, which
departed in December, and multinational
DaimlerChrysler, which left in January.
European based oil company Royal
Dutch/Shell Group left in 1997, and BP
Amoco left the group in 1998. "Remaining
corporations such as Exxon-Mobil,
Chevron, and General Motors will clearly
face growing public pressure as it
becomes harder to justify spending
corporate money on a coalition that fights
efforts to stop global warming," said
Christopher Ball, director of outreach for
the clean air group Ozone Action. "It
seems like lying about global warming has
finally fallen out of fashion in corporate
America."


--
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Martin J. Bernard III, Ph.D.
Executive Director
National Station Car Association
Oakland, California
http://www.stncar.com

Information Exchange
Technical Support in Developing Station-Car and Shared-Car Programs
Assistance in Developing Funding

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