WHITE HOUSE, UTILITIES AGREE TO COOPERATE ON CLIMATE CHANGE POLICIES

The chief executives of several major U.S. electric utilities and the Clinton administration have committed to work together to identify policies that discourage the power industry from reducing greenhouse gas emissions and to develop a plan for crediting companies who reduce their emissions before the Kyoto climate treaty enters into force, industry officials say. The commitments were made during a White House meeting late last month with Vice President Al Gore and several top administration officials, and a more detailed...