GE, DuPont, Alcoa & More Form U.S. Climate Action Partnership
Ten major companies have formed a group, the United States Climate Action Partnership, which is calling for a firm nationwide limit on carbon dioxide emissions that would lead to reductions of 10 to 30 percent over the next 15 years, The New York Times reports. The group’s formal announcement is scheduled for Monday.
Introduction of this group, which includes General Electric, DuPont, Alcoa, Caterpillar, Duke Energy, PG&E, FPL Group, PNM Resources, BP, and Lehman Brothers, could send a strong signal that businesses want to get ahead of the increasing political momentum for federal emissions controls, in part to ensure that their long-term interests are protected.
The group is recommending a range of emissions levels – from 100 to 105 percent of current levels within five years, then down to 90 to 100 percent of current levels in 10 years, and 70 to 90 percent of current levels in 15 years.
The chief executives agreed to “strongly discourage further construction of stationary sources that cannot easily capture” carbon dioxide, which comes close to a rejection of almost all planned coal-fired power plants.
Many of the companies involved have endorsed Senator Dianne Feinstein’s cap-and- trade legislation.
Energy Manager News
- An Interesting Summer for PACE
- AAMA Offers Fenestration Course
- AEEE: Efficiency as a Resource is a Winner
- Chicago Cubs’ Wrigley Field to be Powered by Commercial Retailer ENGIE Resources
- Who Should Pay for a Utility’s Bad Business Decisions – Owners or Customers?
- Major Industries Could Be Moved By High Rates To Leave Wisconsin
- The World is About to See Whether Apple’s Solar Investment Pays Off
- BREEAM USA Takes Aim at In-Use Structures