Submitted by Rio Tinto Alcan
MONTREAL, April 26 - Alcan announced today that it will join the United States Climate Action Partnership (USCAP), a coalition of leading companies and NGOs calling on the U.S. government to quickly enact strong national legislation to achieve significant reductions of greenhouse gas emissions. Dick Evans, President and CEO of Alcan will also serve on USCAP's Executive Board.
"Alcan is pleased to join USCAP's highly regarded roster of companies and NGOs committed to bringing about legislative action on climate change," stated Dick Evans. "At Alcan, we firmly believe that an emission trading system is one of the essential strategies to address the undesirable impacts of climate change, but in order for this to function properly, clear and consistent rules are required around the world. We look forward to working together with our colleagues in USCAP to achieve this objective," he added.
Alcan has long been committed to addressing the issue of climate change.
In addition to significantly reducing its own greenhouse gas (GHG) emissions footprint over the past 17 years, Alcan has been a leader in the climate change debate: chairing the Executive Forum on Climate Change in 2005; taking part in the Carbon Disclosure Project; participating in the UN Global Compact; and lending support to progressive NGOs like the World Environment Center.
USCAP urges policy makers to enact a policy framework for mandatory reductions of GHG emissions from major emitting sectors, including large stationary sources and transportation, and energy use in commercial and residential buildings. The cornerstone of this approach would be a cap-and-trade program. The environmental goal is to reduce global atmospheric GHG concentrations to a level that minimizes large-scale adverse impacts to humans and the natural environment. The group recommends Congress provide leadership and establish short- and mid-term emission reduction targets; a national program to accelerate technology research, development and deployment; and approaches to encourage action by other countries, including those in the developing world, as ultimately the solution must be global.
Alcan Inc. (NYSE, TSX: AL) is a leading global materials company, delivering high quality products and services worldwide. With world class technology and operations in bauxite mining, alumina processing, primary metal smelting, power generation, aluminum fabrication, engineered solutions as well as flexible and specialty packaging, today's Alcan is well positioned to meet and exceed its customers' needs. Alcan is represented by 68,000 employees, including its joint-ventures, in 61 countries and regions, and posted revenues of US$23.6 billion in 2006. The Company has featured on the Dow Jones Sustainability World Index consecutively since 2003. For more information, please visit: www.alcan.com.
About Rio Tinto Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange. Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.
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