G-8 Leaders Seek to Ease Energy Woes

Summary


STRELNA, Russia -- The world leaders at a Group of 8 meeting on Sunday issued a statement on energy policy that touched lightly on alternatives to fossil fuels but focused mostly on how to bring more oil to the market.

President Bush and the other leaders -- from Russia, Japan, Germany, France, Britain, Italy and Canada -- produced statements on corruption, trade and protection for copyrights and patents at a meeting that was overshadowed by the violence over the weekend in Lebanon, Israel and the Gaza Strip.

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Extract


G-8 Leaders Seek to Ease Energy Woes

On energy, the G-8 leaders said they were addressing "high and volatile" prices, with oil soaring above $75 a barrel last week, by endorsing policies to encourage oil field investment and raise product...

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