February 20, 2007 @ 6:26 pm
Corporate Heads Draft Global Warming Plan
The Global Roundtable on Climate Change urges governments to charge for carbon emissions.
Over 100 corporate heads, international organizations and experts drafted a plan to cut greenhouse gas emissions Tuesday. The first agreement between the Global Roundtable on Climate Change since its formation 2004, the plan urges governments to begin charging power plants, factories, and the like for the amount of ozone-damaging carbon emissions they emit. A statement released by the roundtable observed, "Failing to act now would lead to far higher economic and environmental costs and greater risk of irreversible impacts."
The pact was signed by executives from major corporations across many industries, including Ford Motor Co., Rolls-Royce, Toyota Motor, General Electric, Goldman Sachs, and Wal-Mart. One CEO who signed the pact, Alcoa chairman Alain Belda, said, "Addressing climate change involves risks and costs. But much greater is the risk of failing to act." Alcoa is the world's top producer of aluminum, and has been a leader in corporate responsibility towards the environment, by cutting its own greenhouse gas emissions and investing in green power.
On February 2, the Intergovernmental Panel on Climate Change released a report calling global warming "unequivocal."
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