Is There Hope?

hotballa · Jan 22, 2007

The cynic in me views this with a very cautiously optimistic approach that maybe not all CEOs are souless money grubbers.

http://www.cnn.com/2007/TECH/science/01/22/ceos.climate.ap/index.html

CEOs call for action against climate change

WASHINGTON (AP) -- The chief executives of 10 major corporations and business groups, on the eve of the State of the Union address, urged President Bush on Monday to support mandatory reductions in climate-changing pollution and establish reduction targets.

"We can and must take prompt action to establish a coordinated, economy-wide market-driven approach to climate protection," the executives from a broad range of industries said in a letter to the president.

Bush, who in the past has rejected mandatory controls on carbon dioxide and other "greenhouse" gases, was expected to address climate change in his State of the Union speech Tuesday night, but has repeatedly argued that voluntary efforts are the best approach.

Major industry groups such as the Chamber of Commerce and National Association of Manufacturers continue to oppose so-called "cap and trade" proposals to cut climate changing pollution, mainly carbon dioxide from burning fossil fuels.

But the 10 executives, representing major utilities, aluminum and chemical companies and financial institutions, said mandatory reductions are needed and that "the cornerstone of this approach" should be a cap-and-trade system.

The officials, expected to elaborate on their plan at a news conference later Monday, include the chief executives Alcoa Inc., PB America, DuPont, Caterpillar Inc., General Electric, and Duke Energy.

In the letter they urged Congress to enact legislation "to significantly reduce greenhouse gas emissions."

The first days of the new Democratically controlled Congress has seen a rush of legislation introduced to address climate change, all of which have some variation of a cap-and-trade approach to dealing with climate change.

Among those pushing cap-and-trade climate bills are two leading presidential aspirants, Sens. Barack Obama, D-Illinois and John McCain, R-Arizona.

Essentially such a mechanisms would have mandatory limits of greenhouse gas emissions, but would allow companies to trade emission credits to reduce the cost. Companies that can't meet the cap could purchase credits from those that exceed them or in some case from a government auction.

Also signing the letter to Bush were the executives of Lehman Brothers, PG&E Corp., PNM Resources, FPL Group and four leading environmental organizations.
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Rule0001 · Jan 22, 2007

1) Would CEO's say this if the Republians were in power?

2) If a CEO wasn't a heartlesss, money crazed individual I hope to God he would be fired. They don't install CEO's to run charities.

FranchiseBlade · Jan 22, 2007

Rule0001 said:

1) Would CEO's say this if the Republians were in power?

2) If a CEO wasn't a heartlesss, money crazed individual I hope to God he would be fired. They don't install CEO's to run charities.
Click to expand...

2. How very shortsighted of you.

Warren Buffet doesn't seem to be a heartless money crazed individual and Berkshire Hathaway seems to be doing very good.

There are also numerous successful, but smaller in scale enterprises run by Spencer Kim who works toward worker ownership, donates food to help starving N. Koreans, Hurricaine relief etc., and all sorts of good hearted work. His whole business philosophy is the antithesis of what you describe. His businesses are extremely successful.

These are people who run highly successful corporations and businesses that actually stay in business unlike the heartless money-hungry folks who ran Enron or some the other companies that have failed.

Rocket River · Jan 22, 2007

There comes a point were unrestrained Capitalism is counterproductive

When Companies start seeing it is more profitable to stomp out innovation
than to innovate, etc

Rocket River

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