On May 8, Environmental Defense welcomed more than a dozen major companies from across the economy to the U.S. Climate Action Partnership and its call for Congress to put a firm cap on carbon emissions.
In a historic move that transforms the political landscape, General Motors has become the first automobile manufacturer to join the coalition, potentially breaking the long stalemate over rising emissions from the transportation sector.
Along with GM, market leaders including AIG, Alcan, Dow, Deere & Company, Johnson & Johnson, PepsiCo and Shell have joined with environmental groups to double the size of USCAP, creating an unprecedented alliance for the creation of a firm cap to reduce greenhouse gas emissions.
"With this lineup of companies and environmental groups endorsing it, a carbon cap is clearly the consensus solution to climate change," said Fred Krupp, president of Environmental Defense. "With cap and trade, we've found the center. Environmental groups and businesses can embrace it because it guarantees results for the climate while freeing companies to hunt for innovative, least-cost ways to lower emissions," Krupp said.
Launched in January, USCAP is asking this Congress to adopt a mandatory, comprehensive greenhouse gas cap and trade system that reduces emissions by 60 to 80 percent from current levels by 2050. "The addition of these new companies adds horsepower to the push for Congress to act quickly on a real solution to climate change. There will likely be energy policy votes in the coming months, but until Congress adopts a comprehensive cap on carbon pollution
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