Sentences with phrase «oil depletion protocol»

The task force recommends that Oakland investigate the feasibility of setting tax rates to that which is necessary to yield the recommended 3 % oil consumption reduction per year (as mandated by the Oil Depletion Protocol).

The Oil Depletion Protocol: is a global framework for distributing the world's remaining oil reserves more equitably than free market forces would allow, to avoid resource wars, profiteering and economic collapse.

Can this work if we believe in unilateral approaches and refuse to bind ourselves to international courts, treaties to protect the climate, or orderly oil depletion protocols?