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Shell says U.S. oil refiners need more CO2 permits
Major oil company Royal Dutch Shell urged the U.S. Senate on Wednesday to give oil refiners a bigger share of free pollution permits under a cap-and-trade plan to fight global warming than the House of Representatives provided in its climate change legislation.
U.S. oil refineries received only 2 percent of the allowances, or pollution permits, in the House bill passed last month, even though they account for much more of the total carbon dioxide emissions produced by the United States.
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The oil sector says it was short-changed compared to other big carbon dioxide emitters, like electric utilities, which were given 30 percent of the permits.