Big Industries Joust Over Energy Prices

Companies strive to suit their own ends in tug-of-war over green policies
By Kevin Spak,  Newser Staff
Posted Nov 8, 2007 2:18 PM CST

(Newser) – US industries are at each other’s throats over energy policy as each sector tries to protect its own interests. A prime example came last year, when Dow Chemical's push for tougher automobile fuel-economy standards—which would help keep a lid on Dow's oil expenditures—ran afoul of automakers, who stand to suffer from such legislation and are huge Dow clients.

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Dow eventually backed off, but other industries spar on. Biodiesel producers are battling makers of a meat-based fuel for federal dollars. Oil companies have taken up Dow’s fuel-efficiency cry against automakers, who in turn are demanding more ethanol pumps from oil. As Dow’s chief told the Wall Street Journal, in a global push to solve energy, “someone wins, someone loses.” (Read more climate change stories.)

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