WASHINGTON (August 30, 2002) -- As citizens and governments descend on Johannesburg, South Africa, for the World Summit on Sustainable Development, the oil industry is gathering in Rio de Janeiro, Brazil, for the World Petroleum Congress. Ten years ago, Rio was host to the first Earth Summit, at which nations of the world promised to combat global warming and enhance global conservation efforts. But a new study released today by the Institute for Policy Studies shows that in the last ten years, over $22 billion in corporate handouts were given to the oil, gas and coal industry operating in Latin America.
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