Page 1 of 2 Global Climate Coalition wC Logo.GIF (17383 bytes) Global Climate Coalition A voice for business in the global warming debate Climate Economics Climate Science Climate Change Primer What Others Are Saying Climate Ghana() in the News Climate Watch Brief Newsletter Climate Links GCC News Releases GCC Studies GCC Mission HOME Global Climate Coalition 1275 K St, NW Washington, DC 20005 202-682-9161 Media Contact: Frank Maisano 202-628-3622 More Recent News Releases ). Feb. 29 - The GCC statement repel-dog Texaco membership. • Feb. 3 -The QCC urges Administrattgn and Congress to focus climate policy budgC priorities on voluntary programs and PerinarshiPS flea technologies and climate reSearCh... NEWS RELEASES Oil prices an omen for life under the Kyoto Protocol WASHINGTON, March 6, 2000 - The Global Climate Coalition (GCC) said today that oil price spikes being experienced are nothing compared to what American consumers, workers and will experience if an international treaty to combat global warming prevails. "The current fuel price increases are a harbinger of things to come if a United Nations climate treaty is allowed to enter into force," said GCC Executive Director Glenn Kelly. "If the U.S. Senate were to ratify the Kyoto Protocol on climate change, the sticker shock for gasoline and other oil products that American families are struggling with today will seem like small change by comparison." Kelly's comments were made in a GCC briefing today that outlined the organization's goals, objectives and international milestones for 2000. The GCC's "21st Century Climate Action Agenda" is available on the GCC Web site at http://www.gIP.balciimate.org Estimates from credible economic forecasting firms and the U.S. Department of Energy predict that such strict emissions limits will nearly double electricity costs, increase gasoline prices by more than 70 cents a gallon, and throw nearly 2.5 million Americans out of work. The average American family would endure more than $2,700 a year in higher costs for food, fuel, and other basic necessities. Kelly said the GCC will continue to be an ardent advocate for the successful voluntary programs and initiatives that address emissions through Improved efficiency and new technologies. GCC remains the leading voice for U.S. businesses in the important debate surrounding global climate issues and will continue to aggressively pursue positive, common sense solutions to the challenge of potential climate change. "The current burst of energy price hikes should serve as a flashing yellow light for consumers and policy makers alike," Kelly said. "Climate change is a complex, long-term issue requiring extensive research http://www.globalclimate.org/NewsReleases.htm 3/12/00 Global Climate Coalition * Page 2 of 2 .. • _ and common-sense, positive practical steps." tkittt http://www.globalclimate.org/NewsReleases.htm 3/12/00