July 14, 2009
Pew Center Contact: Tom Steinfeldt, (703) 516-4146
Alstom Contact: Tim Brown, (860) 713-9530
CME Group Contact: Allan Schoenberg, (312) 930-8189
ALSTOM and CME GROUP JOIN PEW CENTER’S BUSINESS ENVIRONMENTAL LEADERSHIP COUNCIL
Global Leaders Share Innovative Solutions that Address Climate Change
WASHINGTON, D.C. – The Pew Center on Global Climate Change announced today that Alstom and CME Group have joined the Pew Center’s Business Environmental Leadership Council (BELC) and its efforts to address global climate change.
“Alstom and CME Group bring diverse expertise and unique strengths to the issue, but they are united in their belief that strong corporate leadership is critical in confronting the challenge of climate change,” said Eileen Claussen, President of the Pew Center on Global Climate Change. “By joining the BELC, they are demonstrating that leadership, and I look forward to working with them as we develop sound business and policy solutions to climate change.”
Alstom is a leading producer of integrated power plant systems and innovative transportation solutions. With annual sales of $26.34 billion and more than 80,000 employees in 70 countries, Alstom is also a pioneer in the development of technologies that capture and store CO2 emissions from power plants. Additionally, the company is the top global manufacturer of high speed rail systems, including the new AGV high speed train that consumes 15 percent less energy than comparable trains. In its own operations, Alstom has committed to a 20 percent reduction by 2015 in overall energy intensity and greenhouse gas emissions.
“At Alstom, we are committed to developing new power generation and transportation technologies that result in significantly reduced greenhouse gas emissions,” said Pierre Gauthier, Alstom’s US CEO. “We have a unique approach to advocating for constructive policy solutions and we are excited about collaborating with the Pew Center to develop and promote policies that will stimulate private sector solutions to climate change.”
CME Group is the world's largest and most diverse derivatives exchange, offering the widest range of global benchmark products across all major asset classes. This includes futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, and alternative investment products such as weather and real estate. In addition, CME Group is one of the founding members of Green Exchange Holdings LLC, developing the Green Exchange venture as a platform for trading environmental commodities, including CO2 allowances, futures, and options on futures for emission products. It is intended that green products futures and options will be listed for trading as part of the Green Exchange venture once that venture has sought and achieved appropriate regulatory status. The Green Exchange venture will be working with U.S. and European regulators and intends to seek recognition in the U.S. as a designated contract market and approval from the FSA in the U.K.
“We are excited about the long-term opportunities to join with the other 44 BELC members in working with the Pew Center to strengthen markets for managing risks associated with greenhouse gas emissions,” Craig S. Donohue, CEO of CME Group said. “We especially appreciate the ongoing opportunity to offer our perspective on emissions market development and oversight as the Pew Center formulates its views on this important topic.”
The BELC was established by the Pew Center in 1998, and the Center is a leader in helping these and other major corporations integrate climate change into their business strategies. The BELC is comprised of mainly Fortune 500 companies representing a diverse group of industries including energy, automobiles, manufacturing, chemicals, pharmaceuticals, metals, mining, paper and forest products, consumer goods and appliances, telecommunications, and high technology. Individually and collectively, these companies are demonstrating that it is possible to take action to address climate change while maintaining competitive excellence, growth, and profitability. The BELC is the largest U.S.-based association of corporations focused on addressing the challenges of climate change, with 45 companies representing over $2 trillion in combined revenue and more than 4 million employees.
The other members of the BELC are: ABB; Air Products; Alcoa Inc.; American Electric Power; Bank of America; BASF; Baxter International Inc.; The Boeing Company; BP; California Portland Cement; CH2M HILL; Citi; Cummins Inc.; Dow Chemical Company, Deere & Company; Deutsche Telekom; DTE Energy; Duke Energy; DuPont; Entergy; Exelon; GE; Hewlett-Packard Company; Holcim (US) Inc.; IBM; Intel; Interface Inc.; Johnson Controls Inc., Lockheed Martin; Marsh, Inc.; Novartis; Ontario Power Generation; PG&E Corporation; PNM Resources; Rio Tinto; Royal Dutch/Shell; SC Johnson; Toyota; TransAlta; United Technologies; Weyerhaeuser; Whirlpool Corporation; and Wisconsin Energy Corporation.
For more information about global climate change and the activities of the Pew Center and the BELC, visit www.c2es.org.
The Pew Center was established in May 1998 as a non-profit, non-partisan, and independent organization dedicated to providing credible information, straight answers, and innovative solutions in the effort to address global climate change. The Pew Center is led by Eileen Claussen, the former U.S. Assistant Secretary of State for Oceans and International Environmental and Scientific Affairs.