Business chiefs welcome U.S. climate nod, want more - Reuters

[Eugene]

Business chiefs welcome U.S. climate nod, want more

By Laura MacInnis

2 hour, 14 minutes ago

DAVOS, Switzerland (Reuters) - World business leaders welcomed U.S. President George W. Bush's
acknowledgment of climate change as "a serious challenge," but called on Wednesday for long-term
emissions standards to help them plan.

While supporting the White House nod to alternative energies such as ethanol, wind, solar and
nuclear power, corporate executives meeting at the Swiss ski resort of Davos said they wanted
Washington to lock in stricter U.S. emissions standards.

Bush declined in his annual State of the Union address to support mandatory caps on heat-trapping
carbon gases that big U.S. companies such as General Electric Co. have pushed for, instead backing
new technologies to cut the amount of gasoline used in the United States.

Environmentalists said Bush had failed to recognize the seriousness of climate change and his
comments were driven by U.S. fears about oil supplies.

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Full article: http://news.yahoo.com/s/nm/20070124/pl_nm/bush_speech_reaction_dc

[hatrack]

1. Executives welcome administration lip service, choke back laughter

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