Major businesses support national global warming action.

Just moments ago (09/05/07), 12 major companies, including automotive giant General Motors, multinational oil company Shell and a major insurance company AIG, joined the U.S. Climate Action Partnership (USCAP).

As part of this announcement, these companies pledge to support national legislation to reduce America's global warming pollution by 60-80% by 2050.

Read more about today's exciting announcement.

With today's additions, the number of companies in USCAP more than doubles to 22. Together, these companies represent $1.67 trillion in annual revenues and employ more than two million people in all 50 states.

Environmental Defense played a major role in the founding of USCAP and we're thrilled with the addition of these leading companies and with the tremendous momentum this gives our campaign to fight global warming.

This unprecedented coalition of companies and environmental groups embrace a cap-and-trade approach because it guarantees results for the climate while freeing companies to hunt for innovative, least-cost ways to lower emissions.

Cars and light trucks are a significant contributor to U.S. carbon emissions, and GM's support of the USCAP reduction targets and timelines is a strong signal to Congress to act quickly on a comprehensive climate bill. With an office in the Detroit area, Environmental Defense has worked with the automobile industry to find innovative approaches to solving the climate problem.

Most importantly, I want to thank all our members and online activists for the tremendous support that makes our work possible. We are still a long way from passing a national cap on global warming pollution, but with your continued support we are moving step by step toward this ultimate goal.

Today's announcement is a historic step in that direction.

Thank you once again for all that you do,

Fred Krupp

President