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/C O R R E C T I O N: CALIFORNIA DEPARTMENT OF CONSERVATION/

 In SF005, Department of Conservation, moved earlier today, we are advised by the company that the sixth graph should read, "Our environmental standards should be descriptive not prescriptive; results- based, not rule-based," said California Secretary of Trade and Commerce Julie Wright. "We need to give business the flexibility to meet these standards in ways best suited to their operations. We should set limits, not mandate how businesses reach those limits." rather than "The oil is here, the overregulation is here, and that's why the jobs aren't here," said Secretary of Trade and Commerce Agency Julie Wright. "The report echoes what Governor Wilson has been stressing for years: we must grease the wheels of bureaucracy so that they don't grind exceedingly slow. Trimming unnecessary regulation is the fastest way to jumpstart California's economic engine," as originally issued.
 -0- 3/30/93 C SF005
 /PRNewswire -- March 30/


CO: California Department of Conservation ST: California IN: OIL SU:

LH-TB -- SF005A -- 1136 03/30/93 14:34 EST
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Date:Mar 30, 1993
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