Industry, environmentalists gang up on climate – The United States Climate Action Partnership

An alliance of environmental groups and big corporations concerned about global warming released a detailed plan on Thursday to slash America’s greenhouse gas emissions, hoping to shape legislation that President-elect Barack Obama and Congress have promised to pursue.

The United States Climate Action Partnership http://www.us-cap.org/ – whose members include PG&E Corp., oil giant BP and the Natural Resources Defense Council – called for setting hard limits on the amount of carbon dioxide produced each year by the American economy, with the limits declining steadily over time. Companies would buy and sell credits to emit specific amounts of the gas, essentially setting a price on carbon dioxide.

David R. Baker, Chronicle Staff Writer

Full Story: http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2009/01/16/BUPV15BBN9.DTL