Oil, Gas Industry Outspends Feds On Emissions: Study

Law360, New York (June 15, 2009, 12:00 AM EDT) -- The U.S. oil and gas industry has invested more money in mitigating greenhouse gas emissions since 2000 than the federal government or other industries, according to a newly published, industry-commissioned study.

The study, published Monday, estimated that the industry invested $58.4 billion from 2000 through 2008 in technology in the North American market that reduces the amount of global warming gases.

The study also says federal government forecasts make it clear that hydrocarbons — in the form of crude oil, natural gas and their derivatives —...
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