Monday, May 28, 2007


"WASHINGTON, D.C., May 8—The United States Climate Action Partnership (USCAP) announced today that it has doubled its membership to include new members American International Group (AIG), Alcan, Boston Scientific, ConocoPhillips, Deere & Company, The Dow Chemical Company, General Motors Corp., Johnson & Johnson,Marsh,PepsiCo, Shell and Siemens, along with The Nature Conservancy and the National Wildlife Federation.

The coalition, which continues to broaden and deepen its membership, brings together key sectors
of the economy—from energy, transportation, agriculture and technology to telecommunications,
infrastructure and financial services—with environmental and conservation leaders.
This diverse group of businesses and environmental organizations stands together in calling for
the federal government to take immediate action to enact mandatory national legislation to
achieve significant reductions of greenhouse gas emissions.

“GM is very pleased to join USCAP to proactively address the concerns posed by climate change
and applauds its members for recognizing the important role that technology can play in
achieving an economy-wide solution,” said Rick Wagoner, chairman and CEO of General
Motors. “A central element as we see it is energy diversity – being able to offer consumers
vehicles that can be powered by many different energy sources and advanced propulsion systems
to help displace petroleum and reduce greenhouse gas emissions.”

With its new members, USCAP companies now have total revenues of $1.7 trillion, a collective
workforce of more than 2 million and operations in all 50 states; they also have a combined
market capitalization of more than $1.9 trillion. (Market capitalization, or market cap, is derived
from a company’s current stock price per share times the total number of shares outstanding.)
The non-governmental organizations have more than two million members worldwide, and
represent America’s environmental interests and its conservation traditions. The Nature
Conservancy, known for its nonpartisan, science-based approach to policy issues, believes the
climate crisis must be urgently addressed.

“Climate change will be the biggest threat by far to our mission of protecting nature and to the
many investments in lands and waters we have made over the past 60 years,” said Steve
McCormick, president and CEO of The Nature Conservancy. “One of The Nature Conservancy’s
goals is to ensure that the important role intact forests and other ecosystems play in mitigating
climate change is recognized as a vital part of any policy framework developed to address this
critical challenge.”

In January, USCAP issued a landmark set of principles and recommendations to underscore the
urgent need for a policy framework on climate change. The solutions-based report, titled A Call
for Action, laid out a blueprint for a mandatory economy-wide, market-driven approach to climate
USCAP’s recommendations are based on the following six principles:
• Account for the global dimensions of climate change;
• Recognize the importance of technology;
• Be environmentally effective;
• Create economic opportunity and advantage;
• Be fair to sectors disproportionately impacted; and,
• Recognize and encourage early action.
These principles and recommendations are the result of a shared goal of slowing, stopping and
reversing the growth of greenhouse gas (GHG) emissions over the shortest period of time
reasonably achievable. Top executives from USCAP companies have driven this effort, and new
members were chosen carefully to preserve a high-level consensus approach.
The non-partisan USCAP urges policy makers to enact a policy framework for mandatory
reductions of GHG emissions from major emitting sectors, including large stationary sources and
transportation, and energy use in commercial and residential buildings. The cornerstone of this
approach would be a cap-and-trade program. The environmental goal is to reduce global
atmospheric GHG concentrations to a level that minimizes large-scale adverse impacts to humans
and the natural environment. The group recommends Congress provide leadership and establish
short- and mid-term emission reduction targets; a national program to accelerate technology
research, development and deployment; and approaches to encourage action by other countries,
including those in the developing world, as ultimately the solution must be global.
The founding members of USCAP include Alcoa, BP America, Caterpillar, Duke Energy,
DuPont, FPL Group, Inc., General Electric, PG&E, and PNM Resources, along with four leading
non-governmental organizations – Environmental Defense, Natural Resources Defense Council,
Pew Center on Global Climate Change and World Resources Institute."

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