Environmental Protection & Preservation
U.S. Climate Action Partnership Expands Membership to Over 30 Organizations
The Xerox Corporation and NRG Energy, Inc have joined the United States Climate Action Partnership (USCAP), the group announced today. The unprecedented alliance of business and environmental leaders is calling on Congress to swiftly enact national economy-wide legislation to address the adverse impacts of climate change.
The new members - leaders in their respective industries - will add to the breadth and depth of the landmark coalition. Xerox, the world's foremost document management technology and services company, operates on 6 continents and in 160 countries. NRG Energy owns and operates a diverse portfolio of power-generating facilities totaling approximately 24,000 megawatts - enough to support more than 20 million homes. Both companies have a long history of commitment to environmental issues.
"Each generation of Xerox people strives to leave the company, the communities in which we do business and the world at large better than we found it. We've been focused on sustainability as a corporate priority for decades, demonstrating environmental stewardship through energy reduction, reuse, recycling and remanufacturing initiatives," said Ursula M. Burns, President, Xerox Corporation. "As the first high technology company to join USCAP, we add our voice to the coalition's call for
action to develop policies and frameworks that address the challenges of climate change while fostering economic growth."
The diverse coalition now comprises 31 organizations, including many of the world's largest corporations and most respected non-governmental organizations. USCAP members represent major sectors of the U.S. economy - from energy and transportation, technology, financial services and medicine to food and beverages - along with environmental and conservation leaders.
"The time is now for decisive action to address climate change and decisive action requires clear and unequivocal leadership," said David Crane, President and CEO, NRG Energy. "We are pleased to join USCAP, which we believe has the potential to be an effective vehicle for leadership on this fundamental issue. We strongly endorse the USCAP principles and believe they will lead to a climate policy approach that is broad in its scope, fair in its application and effective in its impact."
Collectively, USCAP companies now have total revenues of nearly $2 trillion and a combined market capitalization of more than $2 trillion. (Market capitalization, or market cap, is derived from a company's current stock price per share times the total number of shares outstanding.)
With the addition of Xerox and NRG Energy, USCAP companies employ more than 2.5 million
workers, with operations in all 50 states and nearly every country in the world. The non-governmental organizations include a combined membership of more than two million people worldwide, with a long history of leadership on environmental and conservation issues.
To create the best economic path to reducing global atmospheric greenhouse gas concentrations, USCAP has sought to balance interests across industries and regions. In addition, the group has based its efforts on a high-level consensus approach, driven by top executives of the member organizations; this practice continues with the addition of the new members.
In January, USCAP issued its solutions-based report, titled A Call for Action, laying out a blueprint for an economy-wide, market driven cap-and-trade program. The recommendations embodied in the report are based on the following six key 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.
U.S. leadership is essential for establishing an equitable and effective international policy framework. The coalition urges policy makers to act quickly to slow, stop and reverse the growth of greenhouse gas emissions over the shortest period of time reasonably achievable. To that end, USCAP has recommended that Congress 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 the developing world. USCAP hopes these policies will minimize
the large-scale adverse impacts of climate change for humans and the natural environment.
The founding members of USCAP
are Alcoa, BP America, Caterpillar, Duke Energy, DuPont, FPL Group, Inc., General Electric, PG&E, and PNM Resources, as well as Environmental Defense, Natural Resources Defense Council, Pew Center on Global Climate Change and World Resources Institute.
Eighteen additional organizations have joined the partnership this year: American International Group (AIG), Alcan, Boston Scientific, ConocoPhillips, Deere & Company, The Dow Chemical Company, Ford Motor Company, General Motors Corp., Johnson & Johnson, Marsh, NRG Energy, PepsiCo, Shell, Siemens, The Chrysler Group, The Nature Conservancy, the National Wildlife Federation and Xerox.
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