US businesses see greenhouse laws by 2015 - survey

Wed Oct 18, 2006 1:22pm ET
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By Deborah Zabarenko, Environment Correspondent

WASHINGTON, Oct 18 (Reuters) - Major multinational businesses believe U.S. standards to limit greenhouse gas emissions are imminent, and most think regulations will be in place before 2015, a new survey reported on Wednesday.

This has prompted strategic change at firms including DuPont, Shell Group, Whirlpool, Alcoa, Duke Energy (formerly Cinergy) and Swiss Re, according to a report by the Pew Center on Global Climate Change which included the corporate survey.

"If you're looking for proof climate change is happening, stop looking for receding glaciers and start looking at the changing marketplace," said Andrew Hoffman of the University of Michigan, who wrote the report.

Of 31 major corporations that completed a 100-question survey, 90 percent expect the U.S. government to set standards for greenhouse gas emissions imminently; 67 percent believe those laws will go into effect between 2010 and 2015.

There are at least seven proposals in the U.S. Senate to limit these emissions, which contribute to global warming by trapping the sun's heat like the glass walls of a greenhouse.

Eileen Claussen, president of the Pew climate change center, said a federal law on greenhouse gas emissions was possible in 2008, but only if certain changes occur.

"I think you may have to have turnover in the House and you may have to have a presidential candidate on the Republican side who wants to do something about climate change," Claussen said. She added that 2010 might be a more likely year for laws on emissions.

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