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TEXACO: ENVIRONMENTAL RECORD DOES NOT JUSTIFY CEP RATING

 WHITE PLAINS, N.Y., Dec. 6 /PRNewswire/ -- Texaco Inc. (NYSE: TX) today responded to the Council on Economic Priorities' (CEP) criteria used to name Texaco to the list of the United States' worst environmental offenders as lacking in balance, objectivity, accuracy and perspective.
 Texaco stated that, based on its strong record of environment, health and safety excellence, its listing by CEP cannot be justified following any reasonable criteria.
 Texaco's corporate environmental audit program, covering all facilities worldwide, has been cited independently by Arthur D. Little, Inc., as "one of the leading programs in the petroleum industry."
 Texaco's releases of toxic chemicals in the 1988-1990 period, based on EPA data, amounted to 0.89 pounds per dollar of revenue, substantially below the industry average of 1.64 pounds per dollar of revenue. In fact, CEP's own November 1991 profile of Texaco showed the company well below the industry average of toxic releases.
 Over the past three years (1990-1992), Texaco has spent $1.7 billion on U.S. environmental expenditures alone.
 Texaco was not contacted by CEP to discuss the criteria used in preparing the group's worst offenders list. "Clearly there is no justification for this action, which is misleading and a disservice to the public," Texaco stated.
 -0- 12/6/93
 /CONTACT: Dave Dickson of Texaco, 914-253-4128/
 (TX)


CO: Texaco Inc.; Council on Economic Priorities ST: New York IN: OIL ENV SU:

CK -- NY112 -- 1021 12/06/93 18:36 EST
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Publication:PR Newswire
Date:Dec 6, 1993
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