U.S. Climate Action Partnership Call on the Federal Government to Make Changes

A group of ten energy and industrial market-leaders, including Caterpillar, have come together to call on the federal government to quickly place strong limits on greenhouse gas emissions. Caterpillar Inc., Chairman and CEO Jim Owens in a release yesterday stated, “Caterpillar believes in the need for a market-based approach to the aggressive development of current and future clean technologies that reduce emissions and sustain the environment.”

 

The alliance, called U.S. Climate Action Partnership (USCAP), also includes Alcoa, BP America, Caterpillar, Duke Energy, DuPont, FPL Group, General Electric, Lehman Bros. and PNM Resources. Four environmental groups are also part of the group: Environmental Defense, Natural Resources Defense Council, Pew Center on Global Climate Change and World Resources Institute.

 

The partnership announced its findings in response to a yearlong collaboration at the National Press Club in Washington, D.C. in a report titled A Call for Action.

 

USCAP’s suggestions were based on the following six principles

• Account for the global dimensions of climate change;

• Recognize the importance of technology;

• Be environmentally effective;

• Create economic opportunity and advantage;

• Be fair to sectors disproportionately impacted; and

• Recognize and encourage early action.

 

Owens said, "Reducing greenhouse gas emissions can—and should—provide more economic opportunities than risks for industry and the economy," said Owens. "The goals of reduced emissions and economic growth are not mutually exclusive. As the world's largest maker of construction and mining equipment and a technology leader, one of the reasons that Caterpillar is pleased to have a seat at this table is to focus on market-based solutions to issues that impact manufacturers and key customer groups, especially coal."

 

Full report, A Call For Action link below:

 http://www.us-cap.org/ClimateReport.pdf

 

SOURCE Caterpillar Inc.

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Nicole Camiola
New Equipment Digest
Online Content Editor