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Eleven Major Corporations Urge Senate Passage Of Climate Change Legislation

Lieberman-Warner 'Represents A Real Effort [To Provide The] Regulatory Framework That We Need,' Companies Say

WASHINGTON, June 2, 2008 – Eleven major corporations today urged the U.S. Senate to pass climate change legislation, saying the Lieberman-Warner Climate Security Act (S. 3036), which will be voted on this week, “represents a real effort to establish the regulatory framework that we need.”

The companies backing the effort – Allianz of America; Catalyst Paper Corporation; FPL Group, Inc.; JohnsonDiversey, Inc.; Johnson & Johnson; Levi Strauss & Co.; National Grid, Nike, Inc; Novo Nordisk; Tetra Pak; and Xanterra Parks & Resorts – are working with World Wildlife Fund (WWF) to reduce their carbon emissions.  Many are members of WWF’s Climate Savers and PowerSwitch! programs.

In an open letter to the U.S. Senate, the 11 companies said passage of climate change legislation is a top priority.  “Our companies recognize that ignoring climate change is not an option.  What will ultimately undermine economic growth is a failure to take action,” they wrote.

They further state in the letter: “The Lieberman-Warner Climate Security Act of 2008 represents a real effort to establish the regulatory framework that we need – one that is credible, comprehensive and mandatory.  While we recognize that more work remains to be done, this bill profoundly advances the dialogue within Congress about solutions-oriented policies.  By harnessing the power of market mechanisms within a federally mandated system, Congress can combat climate change while creating significant business opportunities, providing our companies with the certainty they need for business planning and opening up new avenues for innovation.  We believe strongly that reducing carbon emissions is not only good policy, it is good business.” The full text of the letter is available at WWF’s website.

WWF President and CEO Carter Roberts said, “When major corporations publicly urge Congress to pass climate change legislation, it’s a clear sign that addressing the problem is in our nation’s economic interests.

“These companies recognize the risks for failing to take action and the opportunities in the new, low-carbon world.  A cap and trade program ensures that we make progress on climate change; it provides a framework for the market to reward new forms of energy and more efficient products; and finally it establishes new financial markets which will pump billions of dollars into our cities and states.”

Roberts added, “The Lieberman-Warner bill will put us on the path to a cleaner, safer, more efficient future.  When the bill comes to a vote this week, the choice facing each Senator will be between two vastly different futures.  I hope they choose wisely.” 

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NOTE TO EDITORS:

The full text of the letter signed by the eleven corporations is available online at http://www.worldwildlife.org/what/howwedoit/policy/item3718.html.  

Climate Savers is a business initiative organized by WWF to mobilize companies to cut carbon dioxide emissions. The cutting-edge partnerships with these businesses provide attractive solutions to climate change, as targets agreed with WWF must be demonstrably more ambitious than previously planned or communicated by the company, placing the companies at the forefront of emission reductions in their particular sectors. A Climate Savers agreement involves negotiations between WWF, the company concerned and independent technical experts who later monitor and verify compliance with the agreement. As part of its Climate Savers Program, WWF has agreements with major brands and corporations around the world. All of them have pledged to reduce their global warming emissions considerably.

Read more about our work on climate change: www.worldwildlife.org/climate.

About World Wildlife Fund:

For more than 45 years, WWF has been protecting the future of nature. The largest multinational conservation organization in the world, WWF works in 100 countries and is supported by 1.2 million members in the United States and close to 5 million globally. WWF's unique way of working combines global reach with a foundation in science, involves action at every level, from local to global, and ensures the delivery of innovative solutions that meet the needs of both people and nature. Go to worldwildlife.org to learn more.