ConocoPhillips To Offset Emissions From Calf. Refinery

Law360, New York (September 12, 2007, 12:00 AM EDT) -- ConocoPhillips Co. has agreed to pay at least $10 million to offset greenhouse gas emissions caused by the expansion of its Bay Area refinery, California Attorney General Edmund G. Brown Jr. announced Tuesday.

Under the agreement, ConocoPhillips will hand over $7 million for a carbon offset program that includes buying and scrapping more polluting cars. It will also give $2.8 million for reforestation efforts in California, donate $200,000 for restoration of the San Pablo Bay wetlands and audit all of its California refineries for possible greenhouse...
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