http://fconline.foundationcenter.org/pnd/10006087/story

  U.S. Businesses, Environmental Groups Call for
Reduction of
        Greenhouse Gas Emissions (1/26/07)

An alliance of U.S.-based businesses and environmental
org-
anizations has called on the federal government to
quickly 
enact  strong legislation to achieve significant
reductions 
of  greenhouse gas emissions so as to avoid
consequences that 
would necessitate steeper reductions in the future.

The nonpartisan U.S. Climate Action Partnership
(USCAP)
( http://www.us-cap.org/ ) consists of market leaders
Alcoa, 
BP America, Caterpillar, Duke Energy, DuPont, FPL
Group, GE, 
Lehman Brothers, PG&E, and PNM Resources, as well as
four 
leading non-governmental organizations --
Environmental Defense, 
the Natural Resources Defense Council, the Pew Center
on Global 
Climate Change, and the World Resources Institute.
USCAP member 
companies have a combined market capitalization of
more than 
$750 billion, while their environmental counterparts
have global 
policy influence and more than one million members
worldwide.

In a recently released report, A Call for Action (9
pages, PDF),
USCAP lays out a blueprint for an economy-wide,
market-driven
approach to climate protection, with recommendations
based on
principles that underscore the urgent need for a
policy framework
on climate change. The group's recommendations are
based on the
following principles: acknowledgment of the global
dimensions of
climate change; recognition of the importance of
technology; an
emphasis on environmental effectiveness; the need to
create eco-
nomic opportunity and advantage; a desire to be fair
to sectors 
disproportionately impacted; and recognition of the
need to 
encourage early action. The report is the result of a
year-long 
collaboration motivated by the shared goal of slowing,
stopping, 
and reversing the growth of greenhouse gas emissions
over the 
shortest period of time that is reasonably achievable.

"The time has come for constructive action that draws
strength
equally from business, government, and
non-governmental stake-
holders," said General Electric chairman and CEO Jeff
Immelt. 
"These recommendations should catalyze legislative
action that 
encourages innovation and fosters economic growth,
while
enhancing energy security and balance of trade,
ensuring U.S.
leadership on an issue of significance to our country
and the
world."

"Major Businesses and Environmental Leaders Unite to
Call for
Swift Action on Global Climate Change." Pew Charitable
Trusts
Press Release 1/22/07.






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