"When greenhouse gas emissions are regulated for transportation as required by the US Supreme Court, that specific rule will eventually affect all other environmental regulatory requirements within the Clean Air Act, senior Environmental Protection Agency staffers said Wednesday. It's taking a multi-pollutant approach,"
said Steven Page, director of the EPA office of air quality planning and standards at a conference of the Air and Waste Management Association in Arlington, Va. "These other requirements aren't going away," Page said. "We will not get the most out of climate legislation if we don't figure out how to optimize our approach to climate."

"From high crude prices, oil companies have excessive profits which surpass reasonable levels...One form of establishing fairer terms for our people, who are the owners of the crude, is establishing this tax,"
said Angel Rodriguez, Wednesday. Venezuela plans to levy a new windfall tax of 50% on profits made by oil exporters operating in the country when world oil prices average more than $70/barrel, the state news agency ABN reported the head of National Assembly's energy commission. The windfall tax will be increased to 60% when oil prices are above $100/b, ABN reported Rodriguez as saying. Rodriguez did not say when the new tax would come into effect.

Updated: April 3, 2008