Corporate Responsibility:
"Industry executives call on Bush to accept
mandatory action against climate change.
AP - 19:14GMT
January 22, 2007
The chief executives of 10 major corporations, on the eve of the State of the Union address, urged President Bush on Monday to support mandatory reductions in climate-changing pollution and establish reductions targets.
"We can and must take prompt action to establish a coordinated, economy-wide market-driven approach to climate protection," the executives from a broad range of industries said in a letter to the president.
Bush, who in the past has rejected mandatory controls on carbon dioxide and other "greenhouse" gases, was expected to address climate change in his State of the Union speech Tuesday night, but has repeatedly argued that voluntary efforts are the best approach.
Major industry groups such as the Chamber of Commerce and National Association of Manufacturers continue to oppose so-called "cap and trade" proposals to cut climate changing pollution, mainly carbon dioxide from burning fossil fuels.
But the 10 executives, representing major utilities, aluminum and chemical companies and financial institutions, said mandatory reductions are needed and that "the cornerstone of this approach" should be a cap-and-trade system.
Members of the group, called the U.S. Climate Action Partnership, include chief executives of Alcoa Inc., BP America Inc., DuPont Co., Caterpillar Inc., General Electric Co., and Duke Energy Corp..."
Full article here.
mandatory action against climate change.
AP - 19:14GMT
January 22, 2007
The chief executives of 10 major corporations, on the eve of the State of the Union address, urged President Bush on Monday to support mandatory reductions in climate-changing pollution and establish reductions targets.
"We can and must take prompt action to establish a coordinated, economy-wide market-driven approach to climate protection," the executives from a broad range of industries said in a letter to the president.
Bush, who in the past has rejected mandatory controls on carbon dioxide and other "greenhouse" gases, was expected to address climate change in his State of the Union speech Tuesday night, but has repeatedly argued that voluntary efforts are the best approach.
Major industry groups such as the Chamber of Commerce and National Association of Manufacturers continue to oppose so-called "cap and trade" proposals to cut climate changing pollution, mainly carbon dioxide from burning fossil fuels.
But the 10 executives, representing major utilities, aluminum and chemical companies and financial institutions, said mandatory reductions are needed and that "the cornerstone of this approach" should be a cap-and-trade system.
Members of the group, called the U.S. Climate Action Partnership, include chief executives of Alcoa Inc., BP America Inc., DuPont Co., Caterpillar Inc., General Electric Co., and Duke Energy Corp..."
Full article here.