By Oliver Bullough LONDON, Jan 31 (Reuters) - European rules which propose forcing refineries to cut greenhouse gases are over-optimistic since big efficiency gains are impossible, and will function as a "backdoor tax", industry observers said on Wednesday. Under the proposed regulations, companies would have to cut emissions of gases produced in oil's "life cycle" -- production, refining, distribution and use -- by one percent a year from 2011. Some European oil firms welcomed the ...
Premium Content (PAID Subscription Required)
"New EU refinery rules condemned as "backdoor tax"" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.