The Color of Money

| July/August 2002 Issue

Putting the lie to Bush administration rhetoric about the economic costs of complying with the Kyoto Protocol on global warming, British Petroleum CEO John Browne in March announced that his company had reduced its greenhouse gas emissions by 10 percent below 1990 levels eight years ahead of schedule—and at no net cost to the company. Browne told that his firm is committed to maintaining emissions at current levels through 2012, even though BP anticipates a 5 percent increase in its gas and oil business.