Article: Bush jettisons Kyoto treaty.(Business)

The White House said yesterday it is discarding the global-warming treaty negotiated by President Clinton and will seek a new treaty in international negotiations this summer that covers all nations.

President Bush campaigned against the Clinton treaty, negotiated in Kyoto, Japan, in 1997, because it exempts scores of developing nations from mandatory reductions in greenhouse gases while requiring a one-third cut in U.S. emissions and energy use that economists say would harm the U.S. economy.

"It's important to include the world in the treaty, not exempt most of the world," said White House Press Secretary Ari Fleischer. "To exempt most of the world ...

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