The environmentalists are pissed and the oil companies are pleased -- last month Bill Clinton announced the U.S. negotiating position for the U.N. global warming treaty, and it was the weakest one on the table. His White House advisers had split on the issue, the enviros urging the strongest cuts in emissions, the Wall Street types urging the weakest. Guess who won.
The big oil firms are more than relieved; some of them seem downright enthusiastic. From a source in Washington, the MoJo Wire obtained this letter written by Sunoco CEO Bill Campbell, thanking the president profusely for going so easy on his polluting industry. You might say he gushed.