Big business support for cap-and-trade is the reason greenhouse gas emissions have a strong chance of becoming reality this year. The epicenter of big business pro-cap-and-trade lobbying is the U.S. Climate Action Partnership. I wrote a profile on USCAP here, and I have often suspected that what’s going on there is a couple of savvy companies–who know how to profit from government action on climate change–pulling the wool over the eyes of other companies playing defense or looking for good public relations. I wrote so much about Pepsi last summer.
These days, it’s another USCAP member, Caterpillar, that looks like it might be in over its head. Caterpillar CEO Jim Owens said at a White House summit last month that cap-and-trade, if we don’t get China and India to cap emissions as well, could kill his company:
