From today's edition of the Center for
American Progress Action Fund's "The Progress Report:"
ENVIRONMENT -- FORTUNE 500 EXECUTIVES
TESTIFY IN SUPPORT OF MANDATORY GREENHOUSE GAS LIMITS: Last month, a
coalition
of 10 major corporations and four environmental groups launched the
United
States Climate Action Partnership. (USCAP). The group pledged to push the
federal government to institute a "mandatory economy-wide, market-driven
approach to climate protection," with the specific goal of reducing greenhouse
gas emissions by 60 to 80 percent from current levels by 2050. (Learn more about
USCAP
here.)
Yesterday, several of the CEOs -- including Chad Holliday of Dupont and Peter
Darbee of PG&E --
testified
before the Senate Environment and Public Works Committee. Darbee called for
the United States to be "at the forefront of addressing global climate change,"
while Holliday said "
voluntary
efforts alone will not solve the problem." "We see a whole suite of
technologies to solve these problems," Holliday added, "and we think the
uncertainty of what regulations will do are holding companies back." Global
warming denier Sen. James Inhofe (R-OK) labeled the company chairmen "climate
profiteers." Meanwhile, Sen. John Warner (R-VA), who could be a critical
swing
vote on climate change legislation, "said the testimony by corporate leaders
could influence many lawmakers to reconsider their opposition to regulation."
"
You've
got my attention," Warner said.