Clean air costs will fall on oil industry as well as carmakers
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19/12/1997
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Financial Times (London)
For carmakers and oil men, big numbers come with the job. But the massive estimates being bandied about as the cost of the European Union's plans to cut vehicle pollution from 2005 have left both - traditionally rival-industries fuming. Europe's carmakers say they will have to cough up about $60bn. The oil companies claim the directive, hammered into its final form in June, will subject them to a similar burden.