Duke to press for emissions cap


Charlotte Business Journal – January 19, 2007

This article discusses what several companies are doing to “get green”. The big question here is if they are doing this because they believe in global warming or are they doing this because they think it is good for business.

Duke Energy Corp. is seeking a federal cap on carbon-dioxide emissions at the same time the company is pushing for state approval to build two coal plants at its Cliffside facility in North Carolina.

Ten major companies, including Charlotte-based Duke (NYSE:DUK), are partnering with environmental groups to call for a nationwide limit on carbon-dioxide emissions that would lead to reductions of 10 to 30 percent over the next 15 years, according to The New York Times.

The diversity of the coalition — which includes General Electric Co. (NYSE:GE), Lehman Brothers (NYSE:LEH), California utility Pacific Gas and Electric Co. (NYSE:PCG) — could mean businesses want to get ahead of the political momentum for federal-emissions controls to ensure their interests are protected, the newspaper reports.^1405801&hbx=e_abd

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