1. Talks resume next week in Bonn on legally binding emission reduction targets that Washington has rejected. 2. Argentina and Kazakstan said they would voluntarily seek binding emissions targets like their industrial counterparts. 3. But a unanimous U.S. Senate resolution last July threatened to block any treaty protocol that does not impose binding emissions cutbacks on Third World countries. 4. Developing countries such as China would not face binding emissions caps, but were expected to take action sometime in the future. 5. Developing countries such as China would not face binding emissions caps, but would be expected to take action sometime in the future. 6. In a surprise move that rattled developing nations, Argentina and Kazakstan announced they would voluntarily seek binding emissions targets like their industrial counterparts. 7. It also would leave the role of developing nations such as China to voluntary actions with no binding emission ceilings. 8. President Bush argues that the treaty is flawed and that its binding emissions cuts would harm the American economy. 9. Powerful U.S. industries are lobbying against binding emission cuts, saying they would wipe out hundreds of thousands of American jobs. 10. The U.S. Senate threatens to block ratification of the protocol unless it extends binding emissions limits to developing countries. |
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