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Posted on July 30, 2008

Is industry jumping on board carbon pricing? We need to reaffirm the principle of predictability, George David, chairman of United Technologies Corp, told the House of Representatives Select Committee on Energy Independence and Global Warming. We need to say to our world that we are going to have a cost of carbon, whether it's cap-and-trade or a carbon tax, he said in a hearing in Hartford, Connecticut, where United Tech, the world's largest maker of elevators and air conditioners, is headquartered. There's got to be an understanding that the cost of energy is going to be high for a long ti...

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carbon dioxide , emissions , gas , greenhouse , tax