Tuesday, July 29, 2008

GE Vice-Chair "Cap-and-Trade is the Way to Go"

Mandy Rice-Davies anyone?
From Reuters:

...But John Rice, a General Electric Co vice chairman, said GE sees cap-and-trade as the way to go.

GE, the second-largest U.S. company by market value, makes both energy-producing devices from equipment for coal plants to windmills and energy-consuming products like jet engines.

"We believe that a cap-and-trade program can provide a reliable market pricing mechanism for carbon," Rice said....MORE

Keep an eye on Mr. Rice:
Will John Rice take over GE from Jeff Immelt?