Companies want governments to set "scientifically informed targets" to reduce emissions.
Heavyweight companies including General Electric and Citigroup joined forces Feb. 20 in a high-profile campaign against global warming, demanding that governments mandate caps on greenhouse gases. The three-year-old Global Roundtable on Climate Change launched a new strategy backed by over 85 companies and groups including Air France, Alcoa, Bayer and Allianz.
"Global businesses are assuming their just place as catalysts for action on climate change. But action by business alone is not enough," GE CEO Jeffrey Immelt said at the campaign's launch. "While we believe that applying technology against problems will create positive business opportunities that can result in positive change, national, state and local governments, academia and other non-governmental organizations must step forward with equal force."
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