U.S. CEOs Tell Congress They Want Carbon Caps

Big-business executives tell a Senate panel that the U.S. should take the lead on climate change.

Published: 16-Feb-2007

WASHINGTON — Corporate CEOs do not usually come to Capitol Hill to lobby for more government regulation. But that's what a group of executives did Tuesday, urging Congress to cap emissions blamed for global warming.

Peter Darbee, chairman and chief executive officer of PG&E Corp. — parent of California's largest utility, Pacific Gas and Electric Co. — called for the United States to be "at the forefront of addressing global climate change" by approving a mandatory program to reduce greenhouse gases.

Charles O. Holliday Jr., chairman and chief executive of DuPont Co., added that he believed "voluntary efforts alone will not solve the problem."


A study of Europe's car producers found that the industry managed to cut the CO2 output of new cars by 1 per cent last year - less than a quarter of the rate required to meet its own promise to cut emissions by 25 per cent in a decade. PHOTO: 2006 Ford Galaxy European minivan.

A national Low Carbon Fuel Standard would reduce greenhouse gas emissions and America's dependence on foreign oil without requiring new government spending.


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