[Public Papers of the Presidents of the United States: George H. W. Bush (1992-1993, Book II)]
[October 26, 1992]
[Page 2002]
[From the U.S. Government Publishing Office www.gpo.gov]



Statement by Press Secretary Fitzwater on Sulfur Dioxide Emissions 
Regulations
October 26, 1992

    The President today announced that the administration is issuing 
final regulations that will remove 10 million tons of sulfur dioxide 
from our air, cutting acid rain by about one-half. This major 
environmental achievement was made possible through the use of an 
innovative, market-based emissions allowance trading program that was 
proposed and signed into law by the President as part of the Clean Air 
Act. This trading program will save over $1 billion per year compared to 
the traditional ``command and control'' regulatory approach for 
achieving the same amount of reductions.
    Through the President's leadership in passing the Clean Air Act, a 
decade-long congressional stalemate was broken, and one of the Nation's 
most important environmental goals was accomplished, significant 
progress toward cleaner air. Today's action further exemplifies the 
President's commitment to implementing fully the Clean Air Act, which 
utilizes the power of the marketplace to improve our environment.