Deal reached on Kyoto pact. (Government & Business).

Last month, international negotiators on the Kyoto Protocol agreed on the final terms of the climate-change agreement, which aims to reduce global greenhouse-gas emissions by 5.2% below 1990 levels by 2012. President Bush says, however, that the U.S. will continue to object to the protocol, because it largely exempts developing countries, including China, and would harm the U.S. economy.

Other industrialized nations, which are critical of Bush's stand, will try to implement the protocol without the U.S. It will become effective when ratified by at least 55 nations that …