President Bush and Global Warming

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Early in his administration, President Bush rejected the Kyoto Treaty on Global Warming, which set a deadline of 2012 for reducing greenhouse gas emissions below those of 1990. Bush called it unrealistic and bad for American business. Last week, just before leaving for Japan, Bush unveiled his long-awaited alternative, based on voluntary incentives and tax breaks. American business praised it as "bold leadership" with "flexibility." But outraged environmentalists branded it "Enron-style accounting, and one European leader called it "immoral." Would the new plan reduce greenhouse gases or increase pollution? Does Bush's alternative elevate economics over environmental protection? Would Americans be willing to do more? We hear from a senior Bush advisor, as well as supporters and critics.
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Warren Olney