The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

GSPI Encourages The Upgrading of U.S. Government Air Quality Regulations; Government Study Finds Net Gain From Pollution Rules

SAN DIEGO--Oct. 3, 2003--Green Star Products Inc. (OTC US: GSPI) announced today that a Washington Post article written by Eric Pianin and dated Sept. 27, 2003, indicates a government study that concludes that social and health benefits of implementing environmental regulations far exceed the cost of implementation.

Important excerpts from the Washington Post article entitled "Study Finds Net Gain From Pollution Rules" by Eric Pianin are as follows:

"A new White House study concludes that environmental regulations are well worth the costs they impose on industry and consumers, resulting in significant public health improvements and other benefits to society. The findings overturn a previous report that officials now say was defective."

"The report, issued this month by the Office of Management and Budget, concludes that the health and social benefits of enforcing tough new clean-air regulations during the past decade were five to seven times greater in economic terms than were the costs of complying with the rules. The value of reductions in hospitalization and emergency room visits, premature deaths and lost workdays resulting from improved air quality were estimated between $120 billion and $193 billion from October 1992 to September 2002."

"By comparison, industry, states and municipalities spent an estimated $23 billion to $26 billion to retrofit plants and facilities and make other changes to comply with new clean-air standards, which are designed to sharply reduce sulfur dioxide, fine-particle emissions and other health-threatening pollutants."

Pianin also adds:

"The bottom line is that the benefits from major environmental rules over the past 10 years were (five to seven) times greater than the costs," said Kevin Curtis of the National Environmental Trust. "And that's a number that can't be ignored, even by an administration that has blamed 'excessive' environmental regulations for everything from the California energy crisis to last month's blackout to job losses to the failing economy."

For the entire article go to http://truthout.org/docs_03/100103J.shtml or visit http://www.GreenStarUSA.com. For the complete US Office of Management and Budget (OMB) go to http://www.whitehouse.gov/omb/inforeg/2003_cost-ben_final_rpt.pdf.