On Monday, January 22, 10 major corporations announced their statement to Congress on cutting GHG emissions in order to stabilize CO2 concentrations at 450-550 parts per million (PPM). This is a landmark statement and may do much to spur on other big emmitters. The names on the list are:
Alcoa, BP, Caterpillar, Duke Energy, DuPont, FPL Group, General Electric, LEhman Brothers, PG&E, and PNM Resources.
These companies say they are worried about nation-wide patchwork regulation and want the federal government to act now. These companies have been working together and with NGO parteners Environmental Defense, Natural Resources Defense Council, PEw Ceter on Clobal Climate Change, and the World Resources Institute to create a set of principles for legislators to follow in creating federal climate policy that will act “agressively and sustainably to slow stop and reverse the growth of green house gas emissions.”
Their partnership is called the United States Climate Action Partnership, and they seek to help congress create policy for “mandatory reductions of GHG emissions from major emitting sectors, including large stationary sources, transportation, and energy use in commercial and residential buildings.” Their desire is to have a cap and trade proram to help businesses achieve these big cuts. More than anything this signals coporation’s acknowledgement that this policy will be coming down the road at sometime oranother, and that the best thing to do is to drive it in that direction and not be blindsided when the time comes. They have even come out with a statement against new building of conventional coal power!
This signals the begining of a new era in industry, and we need to make sure that the momentum keeps going. Read the full statement at: Natural Resources Defence Council
More articles:
NYTimes
Washinton Post