Wall Street Journal soon to make the jump to supporting carbon trading markets.
It's just bizness, right? What a joke! Most of those companies are the same ones that joined with Environmental Defense in establishing the Partnership for Climate Action (PCA) seven years ago. Many were also among the early members of the Chicago Climate Exchange (CCX), founded in 2003 by Richard Sandor (Milken alumnus and fellow of his "Institute". The article makes it sound like there has been some change in philosophy, or acceptance of "science." More than likely, these companies have spent the last decade acquiring land or resources across the world to generate carbon credits, situating themselves to be on the selling end of the market, offering millions of dollars for credits to the poor-industrious-schmuck American companies that are actually contributing to our economy and will now have to pay extortion money to meet their arbitrary carbon caps. It's maddening!
November 01, 2000
Corporations Form Partnership for Climate Action
A coalition of industrial giants join Environmental Defense in initiating market-based reductions to greenhouse gas emissions.
SocialFunds.com -- Many corporations have responded to the growing public concern about the impact of greenhouse gas emissions on climate change by adopting policies that will reduce their contribution to the problem. Now a coalition of leaders in this area have banded together to form the Partnership for Climate Action, with the goal of reducing their aggregate emissions by 15 percent from 1990 levels by 2010 using market-based mechanisms.
The Partnership was recently announced by Environmental Defense, the U.S. environmental advocacy group, which has joined forces with some of the world's largest corporations to reduce greenhouse gas emissions. The companies involved are oil giants BP and Shell International, DuPont, Suncor Energy Inc., Ontario Power Generation, the Canadian aluminum company Alcan, and the French aluminum company Pechiney.