C’tee set up to reduce oil dependency

National Economics Council head Kandel to chair c'tee and submit recommendations within 120 days.

The cabinet on Sunday unanimously approved a bill to establish a senior inter-ministerial committee which would devise ways to minimize Israel’s dependence on crude oil.
National Economics Council head Prof. Eugene Kandel will chair thecommittee and submit his recommendations to the government within 120days.
“The government sees in research, development andimplementation of technology which reduces the global usage of crudeoil for transportation as a national mission,” Prime Minister BinyaminNetanyahu said as he announced the decision. “It is not only inIsrael’s strategic interests, but also in those of the free world.”