Big business calls for action on global warming
Alcoa, Royal Dutch Shell and 97 other companies are urging world leaders to devise a plan for fighting global warming by setting greenhouse-gas targets for all nations and creating an international carbon market. A new climate-change treaty is needed with incentives to capture and store carbon dioxide and protect forests, the 99 companies said in a statement prepared by the World Economic Forum, a Geneva-based business coalition. The group presented the proposals on Friday to Japanese Prime Minister Yasuo Fukuda, who hosts a meeting of the Group of Eight nations next month in Japan.
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