Oil industry urges U.S. to tout 'market-driven' success story in Paris


The U.S. delegation heading to Paris for climate talks needs to promote the country's success story of free-market solutions on cutting carbon dioxide emissions, an industry official said Monday.

Jack Gerard, president and CEO of the American Petroleum Institute, said no country in the world has expanded its economy while reducing greenhouse gas emissions as much as the U.S. in the last few years. He said that reduction in emissions comes from the boom in natural gas production.

"We found a solution through market-driven sources, and now we just need to put it out there so the rest of the world can understand what can be done while protecting consumers and economic growth," Gerard said.

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