VOL. XXXV

NO. 37

15-JUNE-1992

Saudi Arabia

Carbon Taxation Could Undermine Producer Investments in Output ProductionCapacity Expansion, Says Nazer

Mr. Hisham Nazer, the Saudi Minister of Petroleum and Mineral Resources,warned last week that the recent shift in emphasis from the notion of thesecurity of energy supply to environmental factors and carbon taxation"introduces an element of uncertainty which would affect investments toexpand production capacities." Mr. Nazer, in an address to the UN...