Industrialized Nations Commit to Eco-Friendly Financial Practices

Environmentally damaging subsidies and tax exemptions to agriculture and energy are on their way out in the world's most developed nations. Environmental ministers or their representatives from the 30 industrialized countries that are members of the Organization for Economic Cooperation and Development adopted an environmental strategy for the next decade at the annual OECD ministerial meeting in Paris Wednesday that pledged to eliminate or phase out these financial perks by 2010.